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TEHRAN (Tasnim) – The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in BRICS countries’ move to eliminate the U.S. dollar from international trade would be irreversible once a new currency is formed, according to Russia’s Minister of Foreign BRICS countries move to eliminate the U S dollar from international trade would be irreversible once a new currency is formed according to Russia s Minister of Foreign Putin said BRICS was aiming to use local currencies, not to create a SWIFT alternative. BRICS countries are expected to drive global economic growth but face challenges Expressing caution, Russian President Vladimir Putin himself said that a common BRICS currency was a “long-term prospect” and that “it is not under consideration” 10 de sept. de 2025 The potential impact of a new BRICS currency on the US dollar remains uncertain, with experts debating its potential to challenge the dollar’s dominance. However, if a The ongoing trend of de-dollarization among BRICS nations is an irreversible trend, Russian President Vladimir Putin told the closing session of the BRICS Putin claims that over the past decade, mutual investments and transactions between BRICS countries have increased sixfoldthanks partly to BRICS members’ mutual Speaking at the ongoing BRICS Summit, Russian President Vladimir Putin says that the fading global role of the US dollar is an “objective and irreversible” process. The Putin called the dollar’s drop in dominance “objective and irreversible,” in an address at the 15th BRICS Summit in Johannesburg via video link on Tuesday. Rich young

BRICS Trend of USD Collapse: Is It Truly Irreversible? Russian Official Claims So

The debate surrounding the US dollar\'s future as the world\'s dominant currency is intensifying. Recent statements from Russian officials, highlighted at the BRICS Summit, point towards an "objective and irreversible" decline in the dollar\'s global role. Speaking in TEHRAN (Tasnim), the Russian president told participants at the BRICS Summit that the US dollar is losing its global role in an “objective and irreversible” process.

Putin: De-dollarization Among BRICS Nations Is "Irreversible"

Russian President Vladimir Putin has repeatedly emphasized the ongoing trend of de-dollarization within BRICS nations as an irreversible shift. He noted at the closing session of the BRICS that over the past decade, mutual investments and transactions between BRICS countries have increased sixfold, thanks partly to BRICS members’ mutual.

Furthermore, Russia’s Minister of Foreign has suggested that BRICS countries\' move to eliminate the U.S. dollar from international trade would be irreversible once a new currency is formed. This potential new currency is a central point of discussion within the BRICS alliance.

The BRICS Currency: A Long-Term Prospect?

While the idea of a BRICS currency gains traction, Putin himself has expressed caution, stating that a common BRICS currency was a “long-term prospect” and that “it is not under consideration” right now. The complexities of creating and implementing such a currency remain a significant hurdle.

BRICS Aiming for Local Currencies, Not a SWIFT Alternative

Putin clarified that BRICS was aiming to use local currencies in trade settlements, rather than creating a direct SWIFT alternative. This shift towards local currencies is another facet of the de-dollarization trend.

The Impact of a New BRICS Currency: Uncertainty Remains

The potential impact of a new BRICS currency on the US dollar remains uncertain. Experts are actively debating its potential to challenge the dollar’s dominance. However, if a BRICS currency is successfully launched, its effect on the global financial landscape could be substantial, even if the full impact won’t be felt until, say, 10 de sept. de 2025. The Putin called the dollar’s drop in dominance “objective and irreversible,” in an address at the 15th BRICS Summit in Johannesburg via video link on Tuesday.

Challenges Facing BRICS Economic Growth

BRICS countries are expected to drive global economic growth, but face challenges. Despite these challenges, the de-dollarization push continues, fueled by a desire for greater financial autonomy and reduced reliance on the US dollar.

Conclusion: Is the USD Collapse Truly Inevitable?

Whether the decline of the US dollar is truly "irreversible" remains to be seen. While BRICS nations are actively pursuing alternative financial arrangements, the dollar\'s established position in global trade and finance presents a formidable obstacle. The ongoing BRICS Summit highlights the increasing momentum behind de-dollarization, but the ultimate outcome remains uncertain. Speaking at the ongoing BRICS Summit, Russian President Vladimir Putin says that the fading global role of the US dollar is an “objective and irreversible” process. Even for the rich young, a shifting global economic order requires careful observation and adaptation.

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