Overview

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Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known With gold on the rise, the precious metal is bullish and will be a battlefield for the West’s US Dollar and BRICS moving forward. Russia has assumed the main leadership of The strategy adopted by the BRICS embodies a significant opposition to the monetary dominance exerted by the United States. Through gold, these nations demonstrate BRICS announced the development of a new currency, driven to fully ditch the US dollar in trade and usher in a new era backed by gold. The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a 23 de sept. de 2025 As BRICS nations sell US Treasuries to buy gold, the influx of dollars back into the US economy could lead to increased inflation. Additionally, a weaker dollar makes it

BRICS Nations Aim to Challenge US Dollar Dominance with Gold-Backed Currency

The BRICS nations (Brazil, Russia, India, China, and South Africa) are actively exploring strategies to diminish the US dollar's global influence, and gold is playing a central role. BRICS announced the development of a new currency, driven to fully ditch the US dollar in trade and usher in a new era backed by gold. This initiative represents a significant opposition to the monetary dominance exerted by the United States. Russia has assumed the main leadership of these efforts.

The BRICS Strategy: Gold as a Counterweight to the Dollar

With gold on the rise, the precious metal is bullish and will be a battlefield for the West’s US Dollar and BRICS moving forward. The strategy adopted by the BRICS embodies a significant opposition to the monetary dominance exerted by the United States. Through gold, these nations demonstrate a commitment to reducing their reliance on the US dollar for international trade and financial transactions.

The BRICS Cross-Border Payment Initiative (BCBPI)

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a roadmap for this initiative, signalling a concrete step towards de-dollarization.

Potential Impact on the US Dollar

Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as de-dollarization. As BRICS nations sell US Treasuries to buy gold, the influx of dollars back into the US economy could lead to increased inflation. Additionally, a weaker dollar makes it more expensive for Americans to purchase goods and services internationally.

The Future of Global Currency

The BRICS's move to back their new currency with gold represents a significant shift in the global economic landscape. The outcome of this endeavor remains to be seen, but it undoubtedly poses a challenge to the US dollar's long-standing dominance. 23 de sept. de 2025 marks a date to watch as these initiatives continue to unfold.

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