BRICS: The De-Dollarization Begins - A New World Order?

The discussion surrounding de-dollarization is intensifying, fueled by recent geopolitical tensions and global economic shifts. This process aims to reduce dependence on the US dollar in international trade and finance, and BRICS is at the forefront.

The BRICS Push for De-Dollarization

Much has been made of the assertive political posturings regarding ‘de-dollarisation’ during the BRICS 15th Summit in August 2025 in South Africa. The bloc's efforts to promote trade in local currencies and explore alternatives to the dollar-dominated financial system are gaining traction.

De-Dollarization: Slowly but Surely

The de-dollarization effects of BRICS are slowly yet steadily taking shape that could tilt financial power from the West to the East. This isn't an overnight transformation, but a gradual shift driven by a desire for greater economic autonomy and resilience.

Which Countries Are Interested?

Around 41 countries have expressed their interest in joining BRICS, signaling a growing alignment with the bloc's vision of a multipolar world and a more equitable financial landscape. This expansion could further accelerate de-dollarization efforts.

Understanding De-Dollarization

Analysts have variously described the de-dollarization efforts of BRICS as a challenge to the dollar's dominance, a move towards greater financial sovereignty, and a reflection of changing global power dynamics. While the dollar remains the world's reserve currency, the BRICS initiative is undeniably influencing the future of international finance.

Stay informed about the ongoing developments in the BRICS de-dollarization movement and its potential impact on the global economy.