BRICS Bank Unleashes $40 Billion Local Currency Revolution - 120 Projects Greenlit

BRICS development bank shatters dollar dominance with massive local currency pivot

The New Development Bank just dropped a financial earthquake—approving 120 infrastructure projects worth a staggering $40 billion, with most transactions deliberately bypassing the US dollar. This isn't just diversification; it's a calculated strike against traditional financial hegemony.

Local currencies take center stage

While Wall Street banks keep recycling the same dollar-denominated playbook, BRICS nations are building parallel financial infrastructure from the ground up. The move signals a fundamental shift in how emerging economies approach development financing—cutting out the middleman and reducing exposure to dollar volatility.

Geopolitical chess meets financial innovation

This $40 billion deployment demonstrates that de-dollarization isn't some theoretical debate—it's happening right now through concrete action. The bank's strategy effectively creates a blueprint for other nations seeking monetary sovereignty outside traditional power structures.

Because nothing says 'financial independence' like watching legacy bankers scramble as their monopoly crumbles—one local currency transaction at a time.

BRICS Bank Wants To Increase Lending in Local Currencies

The head of the BRICS bank, Dilma Rousseff, confirmed that NDB aims to increase loans in local currencies. The plan is to increase it to 30% by 2026 to foster economic growth among developing countries. The development WOULD give way to a multipolar world where the US dollar will not be given prominence. The move could tilt power from the West to the East as it enables cooperation and support.

Lending loans in local currencies helps both the BRICS bank and the receiver. It reduces foreign exchange rates, saving millions during the process. Borrowing in local currencies also makes developing countries align with the broader BRICS agenda. It also gives them a seat at the table during the upcoming summits.

The BRICS bank could change the way loans are sent and received in the coming years. They are fostering de-dollarization in an unprecedented manner since 2022. The alliance is ushering the world into a new financial era where local currencies are taking the lead. The US dollar will be on the losing side of the spectrum if the trend continues.