De-Dollarization Shifts Global Trade as 40+ Countries Abandon US Dollar

The global financial landscape is undergoing a seismic shift as more than 40 nations actively reduce reliance on the US dollar in international trade. This movement, the most significant challenge to dollar dominance since World War II, sees major economies like China, Russia, India, and Brazil leading the charge through local currency agreements and alternative payment systems.

BRICS nations are at the forefront of this currency transformation. China’s yuan now accounts for 47% of its global transaction volume, supported by bilateral agreements with over 40 countries. Russia conducts most of its trade with China in rubles and yuan, while India has established special rupee accounts across key markets. These developments are reshaping traditional Western financial infrastructure and creating new opportunities for decentralized finance solutions.