BRICS Fails to Dethrone US Dollar Despite De-Dollarization Efforts

The BRICS alliance's multi-year campaign to challenge the US dollar's dominance has hit insurmountable barriers. Three consecutive years of de-dollarization attempts have yielded minimal progress, with Washington systematically countering each move. The TRUMP administration's aggressive posture has effectively contained the bloc's ambitions.

Global confidence in the USD remains unshaken, underpinned by the depth of US capital markets and the dollar's status as the world's premier reserve currency. BRICS members lack comparable financial infrastructure, with their local currencies barely registering in international trade settlements.

Internal divisions have paralyzed the bloc's currency strategy. China's yuan push faces resistance from India, while New Delhi's rupee proposal was rejected by Russia for oil transactions. This infighting leaves BRICS without a unified alternative to the dollar, even as 88% of global transactions continue to be denominated in USD.