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BRICS Nations Shift Trade to Local Currencies, Sideline US Dollar

BRICS Nations Shift Trade to Local Currencies, Sideline US Dollar

Author:

Global Cryptocurrency

Published:

2025-12-06 13:57:02

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BTCCSquare news:

Russian President Vladimir Putin's visit to India marks a pivotal moment in BRICS economic strategy. The two nations now conduct 90% of bilateral trade in local currencies—Russian rubles and Indian rupees—accelerating the bloc's de-dollarization agenda.

This MOVE signals a broader rejection of USD dominance in global trade. While BRICS has yet to launch a common currency, the systematic adoption of national currencies for cross-border settlements is reshaping international finance. 'The multipolar financial order isn’t coming—it’s here,' remarked a Delhi-based economist during Putin’s talks with Modi.

The development coincides with growing cryptocurrency adoption among BRICS members, though no direct crypto linkages were announced. Observers note that blockchain-based settlement systems could naturally complement this local currency push.

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