Analysis Daily News TheBitTimes.com

The narrative of de-dollarization is gaining rapid momentum, especially at present, as the US, under the reign of President Donald Trump, continues to impose aggressive tariffs on nations around the world. This development is also pushing the US dollar to encounter new throes of pain, causing the DXY index to hit below 98 in a new bearish forecast. Will this momentum continue to gain steam as we step ahead into the future? Which countries are actively ditching USD in 2025? Let’s find out. Also Read: China’s De-Dollarization Crusade: Yuan Is Stealing USD’s Crown De-Dollarization and USD’s Wobbly Global Stance Source: Watcher Guru There was a time when the US dollar reigned supreme around the world. Other currencies would always stand at the back of the league, while the US dollar enjoyed exclusive perks and benefits that came its way as part of its reserve currency. However, as time passed by, the US started to explore excessive sanctioning as a way to dominate nations, turning the...

The US dollar reserve currency status faces unprecedented threats right now as de-dollarization movements are accelerating globally and gaining real momentum. The value of the dollar has dropped sharply this year (down 7.9%) and the widespread uncertainty about US trade policies is causing big financial risks that could transform how the world economy is handled. Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons The Risks and Market Volatility From The US Dollar Losing Reserve Currency Status Source: Watcher Guru Trade Policies Are Accelerating Dollar Rejection Quite a few experts now say that recent tariff changes have caused de-dollarization to move at an unexpectedly swift pace. It is now being questioned whether the dollar can still be the world’s main reserve currency. This happens especially after it dropped over 1% in just one day and reached a three-year low. George Saravelos from Deutsche Bank had this to say: “The market is reassess...

China and Japan’s de-dollarization efforts have recently taken a major step forward as Asia’s two largest economies jointly approved a new rapid financing mechanism that will, for the first time ever, use regional currencies including the Chinese yuan instead of the US dollar. This historic move, which was just finalized during a high-level meeting in Milan, marks a really significant shift in how Asian countries are now approaching financial safety nets amid the growing global economic tensions that we’re seeing right now. Also Read: Dogecoin Prediction: AI Reveals DOGE Price For Mid-May 2025 China And Japan’s Yuan Move Redefines Global De-dollarization Paths Source: Getty Images CMIM’s Yuan-Based Evolution China and Japan’s de-dollarization initiative currently operates within the complex Chiang Mai Initiative Multilateralization (CMIM) framework, which is basically a currency swap arrangement involving ASEAN nations plus China, Japan, and also Sout...

BRICS members are advancing the de-dollarization agenda by using local currencies for cross-border transactions and not the US dollar. The alliance is aiming to reduce dependency on the greenback and dim its prospects in the currency markets. The bloc has been successful in pulling out many trade deals where national currencies take first precedence. Also Read: BRICS: India Dumps Billions of US Dollars Read here to know how many sectors in the US will be affected if BRICS ditches the dollar trade. The move could make the US dollar lose out on the supply and demand mechanism in the forex markets. The nine-member group could disrupt the hegemony of the West and tilt the financial powers to the East. Also Read: BRICS: 2 Countries ‘Commit’ To Ditch the US Dollar BRICS: Russia & India Pay 90% of Trade in Local Currency and Sideline the US Dollar Source: Bitcoin.com According to reports, the two BRICS members India and Russia settled trade worth $64.5 billion in 2024 in local currencies ...

The number of countries willing to join the BRICS alliance in 2025 is rapidly growing. More than 20 countries have expressed their interest in joining the bloc and participating in decision-making. The group is ushering in a new financial era independent from the clutches and dominance of the US dollar. The alliance is pushing de-dollarization as its sole goal, aiming to make local currencies the center of all trade and transactions. Also Read: BRICS: Analyst Reveals If Chinese Yuan Can Surpass the US Dollar BRICS: 23 Countries Express Interest to Join Alliance in 2025 Source: Freepik.com A Russian diplomat confirmed that around 23 countries are showing interest in joining BRICS in 2025. Russian Presidential aide Yury Ushakov revealed that the alliance is open to inviting like-minded countries to join the bloc. The move will strengthen the prospects of local currencies and challenge the US dollar on the global stage. Also Read: BRICS: 2 Countries Settle $37 Billion Trade in Local Curre...

Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to truly strike at international Western hegemony. With President-elect Donald Trump set to take over the White House in the coming years, his relationship with Russia’s Vladimir Putin could orchestrate a massive shift in perspective for the group. Since Trump won the 2024 election, Putin has already assured he is no longer interested in abandoning the US dollar. Source: CNN Also Read: BRICS Countries are Rejecting De-Dollarization: Here’s Why BRICS Fight Against the US Dollar Coming to Its Final Bell: Why Trump Changes Everything 2022 remains one of the most important years, geopolitically speaking. That year marked the start of Russia’s invasion of Ukraine. Moreover, it forced the hand of the West, with the United States moving to sanction the country in response to its...

ASEAN nations have now started to develop comprehensive ways to strengthen their economic stance. Malaysia, in particular, stands out. It is fueling its stance to achieve global recognition by formally applying to join the prestigious BRICS alliance. While some may consider Malaysia’s bid to join BRICS an act that diverts the nation from its ASEAN ideology. In reality, Malaysia might be leveraging the brilliance of the BRICS to strengthen its ASEAN roots or to emerge as a global icon among both blocs. Also Read: ASEAN Unity At Risk Amid Divergent Path Concerns Malaysia: Powerplay at Its Best? Source: bergerpaints.com Malaysia has formally applied to join the BRICS alliance. While the nation is still an active ASEAN member, the speculative spree concerning how the ten-nation bloc might be splitting has emerged for a while, causing distress within the global economic plot. However, a new perspective has emerged, one in which the Malaysian BRICS alliance can bring new surprises for the AS...

BRICS member China is looking to make the Chinese yuan the world’s reserve currency by toppling the US dollar. China has been convincing BRICS to kick-start the de-dollarization process and settle trade in local currencies. While this is one way to reduce dependency on the US dollar, not every developing country is on board with China’s ideals. Also Read: BRICS Will Invite Palestine To Attend the 2024 Summit The Communist country was the first to push the de-dollarization agenda after the US pressed sanctions on Russia in 2022. The Xi Jinping administration went on a world tour convincing developing countries to accept the Chinese yuan for trade settlements. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS: No De-Dollarization, Countries Use China When It Suits Them BRICS: The Chinese Yuan Will Not Outperform the US Dollar as the World’s Reserve Currency Source: iStock A currency runs on ‘trust...

China kick-started the Shanghai Cooperation Organization ( SCO ) summit 2024 in Kazakhstan on Wednesday. The two-day summit will see member countries discuss regional security, trade deals, and ways to strengthen their local currencies. China is leaving no stone unturned and is advancing the De-dollarization agenda at the SCO 2024 summit. The Communist country is holding talks with member nations on how to counter Western institutions and promote an alternative to the US dollar. Also Read: 10 New Countries Might Join BRICS in 2024 The Xi Jinping administration is pushing the De-dollarization initiative in all summits it conducts, including the ongoing SCO 2024 summit. Its counterpart Russia is also towing the line and initiating talks with member countries to find an alternative to the US dollar. Russia wants trade partners to settle oil payments in the Chinese yuan or the Russia n ruble and not the US dollar. Also Read: ASEAN: Malaysia Calls For Asian Monetary Fund To Derail US ...

The BRICS alliance is playing a key role in advancing the de-dollarization initiative across the globe. BRICS members Russia and China are leading the agenda to uproot the US dollar as the world’s reserve currency. The bloc wants to put their local currencies first to settle cross-border transactions and not the US dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: SWIFT Ready to Launch CBDC & Challenge BRICS Currency The move will strengthen their native economies and give local currencies a boost in the arm of the forex markets. The recent expansion gives BRICS more ammunition to challenge the US dollar’s prospects in the traditional global financial sphere. The BRICS De-dollarization agenda has gained attention from developing countries around the world. BRICS Advances De-Dollarization Agenda Source: Watcher Guru Iranian Professor Mehdi Seif Tabrizi hailed BRICS as the most important ...

BRICS member China might be holding 5,300 tons of gold in its reserves than the official number of 2,250 tons. The People’s Bank of China (PBOC) published a report showing the Central Bank owns 2,250 tons of gold in 2024. Also Read: India Ditches BRICS Countries, Buys More U.S. Oil However, the gold market expert Jan Nieuwenhuijs questioned the report and submitted a counter document claiming that the numbers could be false and that the real estimate of gold accumulated by China might stand at 5,358 tons. He titled the report, “China Has Taken Over Gold Price Control from the West” . The counter document comes at a time when BRICS is on a world tour convincing developing countries to ditch the US dollar. Also Read: BRICS ‘Ready To Work’ With All Countries To Ditch US Dollar BRICS: Not 2,250, But China Might Be Holding 5,300 Tons of Gold To Advance De-Dollarization Agenda Source: Twitter Nieuwenhuijs explained that BRICS member China could be hoarding the...

The De-dollarization effects of BRICS are slowly yet steadily taking shape that could tilt financial power from the West to the East. Around 41 countries have expressed their interest to join the BRICS alliance and accept the new currency for international trade. The countries hail from Asia, Africa, and Europe, that want to break away from the U.S. dollar for cross-border transactions. Also Read: Europe Might Get Ready To Accept BRICS Currency Eastern European country Belarus is the first to show interest to ditch the dollar and deepen ties with BRICS . Belarusian President Alexander Lukashenko suggested ideas to create a new economic union with zero restrictions with the alliance. Belarus desperately needs a new currency for global trade as its economy is struggling after the Bureau of Industry and Security (BIS) pressed sanctions. In addition, France is moving in a direction to sideline the U.S. dollar and settle trade with the BRICS currency. In March, France settled ...