BRICS vs. the Dollar: 2025 Is the Make-or-Break Year for Global Currency Wars
The BRICS alliance—long touted as the dollar’s killer—faces its do-or-die moment in 2025. Either they finally crack the greenback’s dominance, or the whole project becomes another footnote in financial history.
Why now? The bloc’s de-dollarization push has hit critical mass, with new members and trade pipelines testing alternatives. But the dollar’s entrenched infrastructure—and Washington’s habit of weaponizing it—won’t fold without a fight.
Meanwhile, Wall Street yawns. ’We’ve seen this movie before,’ quips one hedge fund manager, adjusting his diamond-encrusted cufflinks. ’Every challenger currency ends up as a spreadsheet curiosity for forex traders.’
The verdict? Watch BRICS’ gold-backed payment systems and oil trades. If they gain real traction this year, the dollar’s monopoly gets a haircut. If not? Call it another case of economic hype outpacing reality.
Source: iStock
BRICS & The US Dollar: Is 2025 The Last Year It Can Truly De-Dollarize The Globe?
The idea of de-dollarization has seemingly been ingrained in the very makeup of the BRICS alliance. The bloc has sought to challenge the global status quo. There may be no bigger aspect of that than the greenback and its position. Moreover, it is a major reason for tension between the West and the bloc. Specifically, those tensions led US President Donald TRUMP to threaten 150% tariffs on the group.
The alliance has discussed the creation of its own native trade settlement currency to lessen reliance on the West. It has also promoted the use of national currencies in trade to diversify. However, the fact of the matter may be that, when it comes to the BRICS bloc and the US dollar, 2025 is the year that they take major strides in de-dollarization, or they may never will.
The RBICS bloc operates on a rotating presidency. This ensures that every country gets a chance to chair the group and lead issues they deem vital. This year lies on Brazil, one of the loudest proponents of lessening US dollar reliance. However, next year India is set to take over the position.
Throughout this year, India has sought to strengthen ties with the United States in a big way. The two nations are expected to announce a new trade deal with depleted tariffs on US imports. Moreover, it has been vehemently against any de-dollarization efforts. Therefore, it could be a stark end to those efforts. Specifically, if plans to dethrone the dollar don’t make major strides over the next several months, it’s fair to wonder if they ever will.
