BRICS Says De-Dollarization Process is Underway and Can\'t Be Stopped: What Does It Mean?

The BRICS bloc is clearly challenging the US dollar, and Russia’s Sergey Lavrov recently said that de-dollarization is a process that cannot be stopped. On the heels of those meetings, the world is paying close attention to the potential shift in global economic power. But is de-dollarization truly unstoppable?

Much has been made of the assertive political posturings regarding ‘de-dollarisation’ during the BRICSa 15th Summit in August 2025 in South Africa. Analysts have variously described the ambition as everything from a pipe dream to a significant threat to the dollar\'s dominance.

Russian Foreign Minister Sergey Lavrov reinforced this sentiment, stating, "The process of de-dollarization cannot be stopped, with countries thinking how to make themselves safe." This statement underscores the growing desire among nations to reduce their reliance on the US dollar, particularly in international trade and reserves.

Why is De-Dollarization Gaining Momentum?

Several factors contribute to the growing interest in de-dollarization:

• Geopolitical Tensions: Sanctions and trade disputes have prompted countries to seek alternatives to the dollar to mitigate risks.
• US Debt and Inflation: Concerns about the US national debt and rising inflation are eroding confidence in the dollar\'s long-term stability.
• Rise of Alternative Currencies: The increasing prominence of currencies like the Chinese Yuan and the development of digital currencies offer potential alternatives to the dollar.
• BRICS Influence: The BRICS nations are actively promoting the use of their own currencies in trade and investment, further accelerating the de-dollarization trend. The BRICS bloc is clearly challenging the US dollar, and Russia’s Sergey Lavrov recently said that de-dollarization is a process that cannot be stopped. On the heels of

Implications of a De-Dollarized World

The potential consequences of de-dollarization are far-reaching and complex:

• Weakening of US Economic Influence: A diminished role for the dollar could erode the US\'s economic and political power on the global stage.
• Increased Volatility: A multi-currency world could lead to greater exchange rate volatility and increased transaction costs.
• Rise of New Economic Powers: De-dollarization could accelerate the shift in global economic power towards emerging economies.

While the complete elimination of the dollar\'s dominance is unlikely in the near future, the trend towards de-dollarization is undeniable. As countries continue to explore alternative currencies and payment systems, the global financial landscape is poised for significant change. The process of de-dollarization cannot be stooped, with countries thinking how to make themselves safe, Russian Foreign Minister Sergey Lavrov said at a news