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17 de dic. de 2025Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their 25 de oct. de 2025While there are growing concerns among the Brics bloc of emerging economies over the scope of financial sanctions from the United States, few countries in the grouping seem 12 de jun. de 2025China declares support for a massive BRICS expansion and convince many countries to ditch the U.S. dollar for global trade. 25 de jun. de 2025The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a 9 de dic. de 2025At 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. 15 de may. de 2025Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton Institute’s

China Confirms BRICS Expansion: Will Countries Ditch the US Dollar?

The global financial landscape is shifting. China has declared support for a massive BRICS expansion, aiming to convince many countries to ditch the U.S. dollar for global trade (June 12, 2025). This move has sparked intense debate about the future of the dollar\'s dominance and the potential for a multi-polar currency system.

BRICS Expansion and De-Dollarization: What\'s Happening?

The BRICS nations (Brazil, Russia, India, China, and South Africa) have been actively discussing plans to reduce their dependence on the U.S. dollar (December 9, 2025). This initiative gains momentum with the recent expansion of the "BRICs" countries to include five new members, raising questions about whether the US dollar will remain the world\'s reserve currency (Franklin Templeton Institute, May 15, 2025).

The Push for a Common BRICS Currency

Brazil\'s President has called for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their reliance on the dollar (December 17, 2025). This ambition reflects a growing desire within the bloc to establish greater financial independence and potentially challenge the dollar\'s global standing.

Concerns and Realities: Can BRICS Replace the Dollar?

While there are growing concerns among the BRICS bloc of emerging economies over the scope of financial sanctions from the United States, few countries in the grouping seem ready to completely abandon the dollar (October 25, 2025). The U.S. dollar remains the world\'s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar (June 25, 2025). However, the concerted effort by BRICS nations to diversify their financial strategies signals a potential long-term challenge to the established order.

Stay updated on the evolving dynamics of BRICS expansion and its impact on the US dollar\'s future in global trade.

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