Is the US Dollar losing its grip on global trade? Recent headlines suggest a significant shift is underway, with the BRICS nations, including Syria, urging the abandonment of the US dollar in favor of the Chinese Yuan for international transactions. This move raises serious questions about the future of the global financial landscape.
The BRICS Abandon the Dollar: A Strategy That Threatens the Global Economy. For several years, the BRICS have asserted themselves as key players in redefining international economic power. This push to de-dollarize, particularly with the advocacy for the Chinese Yuan, represents a direct challenge to the dominance the US dollar has held for decades.
According to reports dated 29 de sept. de 2025, the BRICS nations' strategy goes beyond mere rhetoric. In fact, BRICS: Around 40 countries are looking to ditch the US dollar for global trade and transactions and use local currencies. This represents a significant shift in global economic alliances and a potential erosion of the US dollar's influence.
The implications of this shift are complex. While U.S. competitors are pushing the limits of autonomy within a dollar-based system, but there isn’t a real global alternative and the world is far from an inflection point, the coordinated efforts of the BRICS to establish alternative mechanisms could accelerate the transition to a multi-polar currency system.
BRICS is currently exploring strategies to undermine the use of the dollar in worldwide corporate transactions. This strategic approach, spearheaded by nations like China, Russia, and potentially others, could gradually chip away at the dollar's position as the world's reserve currency. As highlighted by Sergey Ryabkov, the Deputy Foreign [Minister], the BRICS are actively seeking solutions to reduce reliance on the US dollar.
While the US dollar remains a powerful force in the global economy, the increasing momentum behind the BRICS nations' de-dollarization efforts, including the Syrian call for using the Chinese Yuan, demands careful consideration of the potential long-term consequences for global finance and trade. The shift to local currencies and alternative payment systems is a trend worth watching as it could reshape the future of international economic relations.