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BRICS nations push for de-dollarization and explore a shared currency, but experts say replacing the US dollar will be a long road. U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should De-dollarization, a major ambition of the BRICS, has just suffered an unexpected setback. Despite years of concerted efforts to erode the dominance of the US Despite bold attempts to dethrone the US dollar, the BRICS alliance’s de-dollarization efforts have faltered, leaving the USD’s global supremacy intact. Initiated in 2025 America’s use of its financial hegemony to impose sanctions is being questioned day-by-day, and with rising tension between the US and China the global financial It is clear that whereas the US Dollar may have become the world’s reserve currency due to the US’s economic rise in the mid-20th century, its continued clout well into the 21st is propped up Their policies did little to nothing to bring the US dollar down and the USD currency maintains its worldwide supremacy. A new study from the Atlantic Council’s

BRICS De-dollarization Agenda Fails: US Dollar Supremacy Intact

Despite bold attempts to dethrone the US dollar, the BRICS alliance’s de-dollarization efforts have faltered, leaving the USD’s global supremacy intact. For years, BRICS nations have been pushing for de-dollarization and exploring a shared currency, fueled by concerns that America’s use of its financial hegemony to impose sanctions is being questioned day-by-day, and with rising tension between the US and China the global financial landscape is shifting.

However, a new study from the Atlantic Council’s finds that their policies did little to nothing to bring the US dollar down and the USD currency maintains its worldwide supremacy. Experts say replacing the US dollar will be a long road, fraught with economic and political challenges. De-dollarization, a major ambition of the BRICS, has just suffered an unexpected setback. Despite years of concerted efforts to erode the dominance of the US dollar, the reality is that the USD remains the world's reserve currency. It is clear that whereas the US Dollar may have become the world’s reserve currency due to the US’s economic rise in the mid-20th century, its continued clout well into the 21st is propped up by various factors, including market confidence and a lack of viable alternatives.

Even a potential shared currency amongst BRICS nations faces significant hurdles. Concerns remain regarding diverse economic structures, political stability, and the necessary infrastructure for a truly globally accepted currency. Initiated in 2025, the BRICS de-dollarization strategy hasn’t yielded the anticipated results.

While the de-dollarization agenda aims to reduce reliance on the US dollar, the reality demonstrates the immense power and stability of the existing global financial system. The challenges faced by the BRICS alliance highlight the difficulty in dismantling decades of established financial norms. Furthermore, historical context matters. Remember U.S. President-elect Donald Trump who warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should...

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