BRICS Nations Lead Global De-Dollarization Movement with Over 90 Countries Adopting Alternatives

The BRICS alliance is spearheading a historic shift away from US dollar dominance, with more than 90 nations now conducting trade in yuan, rupees, and other national currencies. This coordinated de-dollarization effort represents the most significant threat to American financial hegemony since the Bretton Woods system emerged post-World War II.

Russia''s ruble-based exports have quadrupled from 10% to 40% of international trade following Western sanctions, demonstrating the viability of alternative settlement systems. India-Russia bilateral trade doubled to $27 billion using rupee-denominated mechanisms, while the Commonwealth of Independent States now conducts 85% of cross-border transactions in national currencies.

The development of BRICS Pay infrastructure accelerates this trend, creating a parallel financial ecosystem that bypasses dollar-based payment networks. As central banks diversify reserves and trading partners establish local currency clearing systems, the structural foundations of global commerce are undergoing their most profound transformation in decades.