After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and not the US dollar. The Commonwealth of Independent MOSCOW. – In a sign of growing de-dollarizat­ion efforts, Brazil, Russia, India, China, South Africa (Brics) have ditched the US dollar in 95 percent of their trade. The At the meeting, the leaders representing the BRICS (Brazil, Russia, India, China, and South Africa) nations discussed plans to reduce their dependence on the U.S. dollar. Biti argues against Zimbabwe joining BRICS and ditching the US Dollar, fearing economic turmoil. As 2025 marches on, the BRICS alliance, with its grand plan to kick Now, as the BRICS bloc has embraced those ideas, Zimbabwe is the latest to ditch the US dollar (USD) in a growing trend. Specifically, a Bloomberg report has noted that