Overview

Click to expand overview

India, a crucial member of BRICS, has demonstrated more caution in its shift away from the dollar. India’s deep economic integration with global markets, particularly its The BRICS initiative has searched for multiple ways to ditch USD in trade, from local currencies to even creating a new currency. This transaction between India and India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic UAE could prioritize local currency over US Dollar in new oil deals. Over the last twelve months, the BRICS bloc has seen impressive growth. Indeed, its rising prominence Now, following a landmark local currency oil deal from both BRICS nations, India and the UAE are seeking more ways to ditch the US dollar (USD). Specifically, Piyush 19 de sept. de 2025 Following the BRICS bloc’s six-country expansion, India and the United Arab Emirates (UAE) have continued ditching the US dollar in a landmark deal. Specifically

BRICS India UAE Seek More Ways to Ditch USD: The End of Dollar Dominance?

The BRICS initiative has searched for multiple ways to ditch USD in trade, from local currencies to even creating a new currency. Now, following a landmark local currency oil deal from both BRICS nations, India and the UAE are seeking more ways to ditch the US dollar (USD). Specifically, Piyush 19 de sept. de 2025 Following the BRICS bloc’s six-country expansion, India and the United Arab Emirates (UAE) have continued ditching the US dollar in a landmark deal.

India and UAE Lead the Charge Away from the Dollar

The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic UAE could prioritize local currency over US Dollar in new oil deals. Over the last twelve months, the BRICS bloc has seen impressive growth. Indeed, its rising prominence

Landmark Oil Deal Fuels the Trend

This transaction between India and India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars. The Indian Oil Corp settled a payment in rupees with the

India's Cautious Approach within BRICS

India, a crucial member of BRICS, has demonstrated more caution in its shift away from the dollar. India’s deep economic integration with global markets, particularly its emphasizes a strategic and measured approach to de-dollarization.

What's Next for BRICS and the USD?

As India, the UAE, and the broader BRICS alliance explore alternative trade mechanisms, the future of the US dollar as the world's reserve currency is increasingly under scrutiny. This move towards local currencies signals a potential shift in the global economic landscape.