BRICS Nations Slash Dollar Dependence: US Reserves Plummet Below 58% Milestone

The dollar's grip loosens—and the global financial order feels the tremor.

For the first time in modern history, the BRICS bloc's collective US dollar reserves have dipped below the 58% threshold. That's not a statistical blip—it's a coordinated shift away from traditional Western financial hegemony.

The De-Dollarization Playbook

Countries aren't just talking about reducing dollar reliance—they're executing. Think bilateral trade in local currencies, ramping up gold acquisitions, and establishing alternative payment rails. Every bilateral agreement signed in yuan or rupees is another brick removed from the dollar's fortress.

What Fills the Void?

Gold's gleaming as the preferred hard asset, while national currencies get promoted to reserve status. The move isn't about finding a single replacement—it's about building a diversified, multipolar system where no single currency calls all the shots. A welcome change from the 'my currency, your problem' era of dollar dominance.

This isn't a sudden collapse, but a deliberate, calculated erosion. The 58% figure is a psychological line in the sand—crossing it signals that the trend has momentum and institutional backing. The financial old guard might scoff, but they're the same experts who thought subprime was contained. Watch the reserves, not the rhetoric. The rebalancing of global power rarely asks for permission.

BRICS: US Dollar Reserves Fall To 56.92%, A Major Slump

The diversification from the US dollar-denominated assets to gold is dampening the prospects of the greenback. Central banks have purchased over 1,100 tons of gold in 2025 alone, making it the largest increase in 70 years. Gold is making its way into the US dollar-dominated central bank reserves.

said Mamadou Kwidjim Toure, the founder of Ubuntu Tribe. The BRICS bloc has been the largest buyer of gold for the past three years, making US dollar reserves decline.

Toure said, but warned that the writing is on the wall. Apart from gold, the BRICS nations have been using local currencies, further threatening the US dollar’s reserve status. Developing countries are no longer dependent on the USD as their gold investments have paid off.

BRICS member Russia’s investment in gold has doubled in value, while US dollar reserves declined. The gold exposure has been at its highest since 2022, and the American economy is now at risk.