2 BRICS Nations Forge Electronic Trading Bridge in Local Currency - De-Dollarization Accelerates

Two BRICS powerhouses are building a digital trading highway—cutting out the dollar middleman entirely.

The New Architecture

This electronic bridge bypasses SWIFT, slashing transaction times from days to seconds. No more waiting for correspondent banks to wake up in different time zones.

Local Currency, Global Implications

Trading in national currencies isn't just symbolic—it's a direct challenge to dollar hegemony. Suddenly, sanctions look like clumsy weapons from a bygone era.

The Real Test

Will traders actually use it? Or will this become another pet project that finance ministers praise while quietly holding dollars? After all, nothing unites rival nations like shared skepticism of Western financial systems—until someone needs a liquidity bailout.

Egypt & Belarus Identify Key Export Goods

Belarus has identified key export goods such as dairy supply products, feed additives, and swan timber to Egypt. Simultaneously, Egypt will export fruit puree, juice concentrates, polymer products, and agricultural seeds to Belarus. Both parties also agreed to exchange analytics and open the markets for the two countries. Once the electronic trading bridge is launched, BRICS members Egypt and Belarus will begin settling in local currencies.

BRICS New Trade Settlements Rising

The BRICS alliance is increasingly settling payments in local currencies to end US dollar dependency. They aim to strengthen their local currencies to help their businesses and exports thrive. It also gives a boost to the nation’s GDP, allowing it to take a bigger spot in the global economy. The MOVE gives emerging economies a leg up in policy making and not be subjected to harsh negotiations.

Countries in the Global South, Southeast Asia, South America, Eastern Europe, and Africa are considering taking a leaf from the BRICS playbook and using local currencies to safeguard their economies. The next decade WOULD be much different from what we know it as developing countries are taking the helm of the global economy. The US dollar could face serious challenges as its global clout is reducing.