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BRICS Nations Quietly Build Alternatives to Dollar Dominance

BRICS Nations Quietly Build Alternatives to Dollar Dominance

Author:

Global Cryptocurrency

Published:

2026-01-18 10:20:01

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BTCCSquare news:

BRICS member states are methodically reducing dollar reliance without outright abandonment. Nearly 25% of intra-bloc trade now flows through local currencies—surpassing their 2025 target ahead of schedule. The strategy combines currency swaps, alternative payment rails, and financial infrastructure development while maintaining dollar ties for global transactions.

Russia and China's ruble-yuan trade settlements reached 99.1% this year, a stark reversal from dollar-dominated exchanges. "This isn't anti-dollar ideology—it's pragmatic insulation," noted Russian Finance Minister Anton Siluanov during the announcement of the milestone. Similar agreements now connect China with Brazil and Egypt, bypassing greenback intermediaries entirely.

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