2 BRICS Nations Hit 100% De-Dollarization—Celebrate ‘Historic Breakthrough’

Dollar dominance takes a hit as two BRICS members fully ditch the greenback. Here's why it matters—and why Wall Street might start sweating.

The End of an Era?

Two major economies just flipped the script on global trade. By hitting 100% de-dollarization, they’ve effectively cut ties with the USD for cross-border transactions. No more middleman currency—just direct settlements in their own terms.

Why ‘Great Joy’ for BRICS, Headaches for the Fed

This isn’t just symbolic. The move accelerates a multi-year trend of countries bypassing USD reserves—and yes, it’s a direct challenge to U.S. financial hegemony. (Cue the ‘petrodollar doomsayers’ popping champagne.)

The Cynical Take

Meanwhile, traditional finance clings to its 20th-century playbook: ‘But muh liquidity!’ Enjoy the cope while it lasts.

100% De-Dollarization Is a ‘Great Joy’, Say BRICS Members

Vladimir Putin stressed that the two BRICS members achieving 100% de-dollarization isfor both economies.Putin said.

The two BRICS countries began using local currencies after the US imposed sanctions on Russia in 2022 that kick-started the global de-dollarization agenda. The invasion of Ukraine was the reason why the White House punished Russia’s economy. Even after three years, the sanctions not only remain, but are being tightened by the TRUMP administration.

Putin stressed that both countries have businesses in each other’s region with planned projects worthThe two BRICS nations are actively working together, expanding their business operations while promoting de-dollarization.Putin noted.

De-dollarization has remained the main agenda for BRICS, especially Russia and China. If all member nations and partner countries follow Russia and Kazakhstan’s footsteps, the US dollar will be the worst-hit currency. Local currencies could dominate trade between emerging economies, making the US face a massive deficit.