BRICS Nations Are Calling the Shots—And the Dollar is Losing Grip For decades, the US dollar has been the backbone of global trade. But those days are quickly fading. The BRICS alliance—Brazil, Russia, India, China, and South Africa—has been working relentlessly to dethrone the dollar. And guess what? It’s working. Ever since Washington slapped sanctions on Russia in 2022, BRICS nations and other developing countries have been aggressively shifting to local currencies for trade. Why? Because they’ve had enough of the US government using the dollar as a weapon. Just take a look at what’s happening: More countries are trading in local currencies instead of settling transactions in dollars. The petrodollar is under attack as nations like China and Saudi…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.



