10 CIS Countries Just Dropped the Dollar – Here’s Why It Matters

The US dollar’s grip loosens again—this time across the Commonwealth of Independent States. Ten nations are cutting ties with the greenback, swapping it for local currencies and digital alternatives. Another paper empire showing cracks.

The De-Dollarization Domino Effect

Moscow to Tashkent, banks are bypassing SWIFT, signing bilateral deals in rubles, tenge, and crypto. No more begging for USD liquidity when you can mint your own digital tokens—or trade gas for gold.

Watch the Sanctions Workaround

After years of US financial weapons, the playbook’s clear: diversify or die. CIS central banks now hold record yuan, Bitcoin ETFs, and—irony alert—more physical gold than Fort Knox’s basement.

The dollar’s still king, but the peasants are revolting. And they’ve got blockchain.

Why Is The World Moving Towards De-Dollarization?

De-dollarization is not new. The phenomenon has long existed within the layers of the global economic structure and has now started to gain traction as US dollar hegemony continues to hurt nations. The US dollar is the world’s leading asset, a reserve currency held by central banks across the world. But the decay of the USD began the moment the United States started weaponizing the dollar, sanctioning nations left, right, and center.

To counter the US, alliances like BRICS and ASEAN have initiated ideas related to new payment mechanisms, even mulling over launching a new currency to combat the growing abuse of the USD.

With President Donald TRUMP imposing tariffs on multiple nations, the calls for de-dollarization are once again gaining steam.

Nations Ditching USD

As the de-dollarization narrative escalates and gains pace, ten Commonwealth of Independent States have decided to dump the US dollar. These states are listed as follows:

• Armenia
• Turkmenistan
• Uzbekistan
• Azerbaijan
• Belarus
• Moldova
• Russia
• Tajikistan
• Kazakhstan
• Kyrgyzstan

The leaders of these nations have decided to uplift the local currency narrative and trade, ditching the US dollar in the process. At the same time, reports suggest that these nations are also working on launching new financial systems independent from the USD intervention.