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India and Indonesia have officially agreed to ditch the US dollar for cross-border trade. The two BRICS nations will now conduct transactions using their national As the first Southeast Asian nation to join BRICS, Indonesia has injected fresh energy into the coalition, extending its reach into the dynamic Southeast Asian region. BRICS members India and Indonesia have officially agreed to abandon the US dollar and settle cross-border transactions in local currencies. The decision to use local 21 de sept. de 2025 Indonesia has become the latest major country to join the ranks of China, India, Russia and others in challenging the dominance of the US dollar in the global financial Indonesia, which joined BRICS in January 2025, has quickly embraced the shift away from the dollar, further accelerating the alliance’s mission to challenge the U.S.

BRICS Indonesia: A Move Away From the US Dollar?

Indonesia, as the first Southeast Asian nation to join BRICS, is making waves. As a new BRICS member, Indonesia has injected fresh energy into the coalition, extending its reach into the dynamic Southeast Asian region, and accelerating the alliance's mission to challenge the U.S. dollar's global dominance.

Indonesia and India Ditch the Dollar for Local Currencies

Following suit with other BRICS nations, India and Indonesia have officially agreed to abandon the US dollar and settle cross-border transactions in local currencies. The decision to use local currencies aims to reduce reliance on the USD and bolster their own economies.

In fact, India and Indonesia have officially agreed to ditch the US dollar for cross-border trade. The two BRICS nations will now conduct transactions using their national currencies.

Why is Indonesia Moving Away from the US Dollar?

Indonesia, which joined BRICS in January 2025, has quickly embraced the shift away from the dollar, further accelerating the alliance’s mission to challenge the U.S.. Like other BRICS countries, Indonesia seeks greater economic independence and resilience against fluctuations in the US dollar's value. This strategic move is part of a broader trend among emerging economies to de-dollarize and promote the use of their own currencies in international trade.

As of 21 de sept. de 2025 Indonesia has become the latest major country to join the ranks of China, India, Russia and others in challenging the dominance of the US dollar in the global financial system.

What Does This Mean for the Global Economy?

Indonesia's commitment to using local currencies in trade with India, and potentially other BRICS members, signals a shift in the global economic landscape. This move could lead to increased trade volumes between BRICS nations and reduced dependence on the US dollar for international settlements. It also signifies a growing willingness among emerging economies to assert their economic sovereignty and challenge the established financial order.

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