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To safeguard their native economies and currencies, developing nations are looking to end reliance on the U.S. dollar for trade. The author of the best-selling self-help financial book Rich Geopolitical Economy Report has detailed BRICS’ plans to create a “multi-currency system” to challenge the dominance of the US dollar. In his Financial Times op-ed, El 20 de sept. de 2025 The Fed printing trillions of dollars and circulating it into the markets is causing more harm than good. In addition, the rising debt ceiling in the US could eventually BRICS is convincing other developing countries to use local currencies and ditch the US dollar for global trade. The alliance is spearheading the de-dollarization initiative calling for other nations

BRICS Top Economist Warns: US Dollar "Getting Worse" – De-Dollarization Gains Momentum

Growing concerns about the state of the US dollar are fueling a global shift towards alternative financial systems. A leading BRICS economist has voiced strong concerns about the dollar\'s trajectory, suggesting it\'s "getting worse" and paving the way for increased de-dollarization.

The author of the best-selling self-help financial book Rich Geopolitical Economy Report has detailed BRICS’ plans to create a “multi-currency system” to challenge the dominance of the US dollar. This initiative aims to provide developing nations with greater financial autonomy and stability.

Why is the US Dollar Under Scrutiny?

Several factors are contributing to the concerns surrounding the US dollar. In his Financial Times op-ed, El 20 de sept. de 2025 The Fed printing trillions of dollars and circulating it into the markets is causing more harm than good. In addition, the rising debt ceiling in the US could eventually undermine global confidence in the currency.

BRICS Spearheads De-Dollarization Efforts

BRICS is at the forefront of a global movement to reduce reliance on the US dollar. To safeguard their native economies and currencies, developing nations are looking to end reliance on the U.S. dollar for trade. BRICS is convincing other developing countries to use local currencies and ditch the US dollar for global trade. The alliance is spearheading the de-dollarization initiative calling for other nations to explore alternative trading mechanisms.

The Rise of a Multi-Currency System

The BRICS nations are actively promoting the use of local currencies in international trade. This move aims to insulate developing economies from the volatility associated with the US dollar and foster greater regional economic integration. The push for a "multi-currency system" represents a significant challenge to the dollar\'s long-held dominance.

Implications for the Future

The increasing concerns about the US dollar, coupled with the BRICS-led de-dollarization efforts, signal a potential shift in the global financial landscape. While the dollar remains a significant player, its future dominance is increasingly being questioned. The move towards a multi-currency system could reshape international trade and investment flows in the years to come.

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