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BRICS member China has pressed the accelerator on de-dollarization as lending in the Chinese yuan surges. China’s push for the yuan is working as trade and investments are moving away from the US dollar-based system and are entering into a multipolar world. The country’s exposure to the US dollar is declining as businesses are considering the yuan. The latest data from the Financial Times shows that deposits and bond investments by Chinese banks quadrupled to Rmb3.4tn ($480 billion) in five years. The development shows that the US dollar is no longer the central figure of trade and commerce. The BRICS de-dollarization agenda is working, despite its scale being smaller, while Chinese yuan settlements have doubled. Also Read: BRICS Speeds Up Dollar Selling, Chinese Firms Offload $51.8 Billion Source: SWIFT, Wind Exporters and importers in China are now using the Chinese yuan in settlements, the highest since December 2020. The move supports the BRICS de-dollarization agenda an...

BRICS is beating the drum of a US dollar decline even before launching a common currency in the global markets. The operating style is typical of that of any developing country where leaders talk big but deliver nothing. It also reflects the mindset of emerging economies where a simple piece of governmental work is lauded as ‘major achievement’. Even the BRICS de-dollarization agenda falls under the same category which is heavily exaggerated to the brim by their leaders. Also Read: BRICS Inspires 15 Countries To Use Homegrown Payment System Rewriting trade deals and forging new partnerships is a daily yet regular phenomenon in the global financial world. That’s not the case for BRICS members, as each trade deal is shown as a brownie point to their people marketed as de-dollarization. While we agree that BRICS settled many deals in local currencies, the number is minuscule compared to the global trade volume. It is as good as making a mountain out of a molehill, which l...

The de-dollarization phenomenon is once again gaining swift momentum as the world unites forces against the US dollar. With escalating geopolitical tensions and narratives, the US dollar is displaying a volatile stance. Coupled with its heavy weaponization, the world is now questioning whether it truly needs the US dollar for the long haul. In addition to this, several alliances, such as BRICS and ASEAN, are voicing their case for a local currency hegemony, thereby bolstering the multipolar currency narrative. In the midst of it, Bank of America has revealed two prominent reasons why ASEAN is pioneering this agenda in full swing. Also Read: De-Dollarization Necessary: Unveiling The Risks Of A Strong US Dollar ASEAN’s De-Dollarization Dreams Source: Watcher Guru ASEAN has always been very vocal about its local currency narrative. The fact that the US dollar has been heavily weaponized has always irked the bloc, to the point where it has shared openly how it wants to reduce its dependenc...

The US dollar is currently facing its worst nightmare as the American currency continues to deliver a wobbly stance. The US dollar has struggled to rebound since Donald Trump assumed the reins as the 47th US president, adding more to the USD woes. As Trump resumed his official duties, his deliberate policy shifts and the development of a new economic order through tariffs have pushed the US dollar to new lows. While many analysts believe that Trump intentionally wants a weaker US dollar to bolster exports, the American currency is currently wounded and is hoping for a desperate respite in an ever-evolving financial world. Furthermore, here’s how long the US dollar is expected to fall per recent predictions and Analysis . Also Read: American Hegemony To End Sooner Than Expected, Reich Warns Weak Dollar Analysis: Now What? Source: Watcher Guru The US dollar has been falling relentlessly since Trump assumed the role of the 47th US president. His scathing tariff policies have sparked ...

American hegemony faces an accelerated collapse due to President Trump’s tariff policies, and it’s happening right now, warns former Labor Secretary Robert Reich. The Trump tariffs are triggering a dollar decline that could end the US reserve currency status sooner than expected, also creating massive global economy impact as investors flee Treasury bills and US assets. Also Read: The US Dollar Became America’s Biggest Liability: 88% Rule at Risk Trump Tariffs, Dollar Decline, And The Fall Of US Global Power Source: Watcher Guru Investors Abandon U.S. Assets As Trust Erodes American hegemony is already showing cracks, and global investors are pulling money from US Treasury bills following Trump’s tariff announcements. This dollar decline represents more than just market volatility – it also signals a fundamental shift in global confidence right now. During a recent episode of “The Bottom Line,” Reich warned that when global investors, including Americ...

The de-dollarization movement has become a hot topic in financial and political circles. The dominance of the US dollar has been put into question over the last decade. The BRICS bloc of nations, China and Russia in particular, has expressed the desire for an alternate currency system. While the movement has garnered worry from many leaders, some experts are not very concerned. Also Read: Pi Coin Price Prediction: $600 Investment Could Make You a Mini-Whale by 2030 Nobel Prize-Winning Economist Not Worried About De-Dollarization Source: Cloudfront In April 2023, Elon Musk replied to an X post talking about de-dollarization. The post highlighted how the dollar’s share went from 73% in 2001 to 55% in 2020. It further stated how the greenback’s share went from 55% to 47% after Western sanctions on Russia. Musk also gave his thoughts on the matter. He stated, “ If you weaponize currency enough times, other countries will stop using it. “ If you weaponize currency eno...

It has been a rather complicated few months for the leading collective of the Global South. Amid ongoing tensions for the BRICS bloc and its members, one key reason is emerging that could lead India to eventually leave the economic alliance entirely. The country has seen no shortage of reasons to potentially see increased tensions with the group. Its conflict with China has been well documented, although it has been resolved to this point. However, in its place is a new issue that is beginning to fracture its relationship with the group. Source: Rafael Neddermeyer Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies BRICS Facing Issue that Could Eventually See India Quit the Collective The start of the year saw US President Donald Trump once again return to the White House. That has brought with it increased geopolitical tensions, as his protectionist economic policy has threatened several global relationships. Moreover, it is worse for the BRICS bloc, as he entered th...

Russia’s Foreign Minister, Sergey Lavrov confirmed that BRICS has paid more than 65% of trade settlements among member countries in local currencies and not the US dollar. Only around one-third of all trade payments were settled in the US dollar, the minister added. The greenback is declining while local currencies are filling in the void in the forex markets. Also Read: 24 Countries Formally Apply To Join BRICS Alliance in 2025 The significant drop in the usage of the US dollar is alarming as BRICS is primarily using local currencies for cross-border transactions. The US dollar stands at a pivotal time in history where its dominance is being challenged by developing countries. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: Russia Provides Major Update on BRICS Currency Launch BRICS: 65% of Trade Among Members Settled in Local Currencies Source: iStock The dollar’s share in trade settlements is dropping massive...

Ace investor Warren Buffett announced his retirement at the age of 94 during Berkshire Hathaway’s 60th annual shareholders summit on Saturday and joined the de-dollarization bandwagon issuing a stark warning by bluntly saying that the U.S. dollar is a currency that’s “going to hell” . Warren Buffett’s statements coincide with the developing countries who are looking to sideline the U.S. dollar through the de-dollarization initiative. “We would not really invest in a currency that’s going to hell,” he said at the 60th annual shareholders summit. Also Read: De-Dollarization: Goldman Sachs Says These 3 Asian Currencies Could Take Over De-Dollarization: Warren Buffett Considers Investing in Foreign Currencies Next, Not the U.S. Dollar Source: Investopedia / Getty Images The 94-year-old Warren Buffett hinted that Berkshire Hathaway would consider investing in foreign currencies and not the U.S. dollar for better prospects, mimicking the de-dollarization trend. “There could be things happen...

In what would be a major development for the country and the industry, Russia has seen its Finance Ministry call for it to create its very own crypto stablecoin. Indeed, the nation has discussed the idea after digital wallets linked to the country were blocked from holding Tether’s USDT stablecoin last month. Over the last several weeks, geopolitical tensions have increased amid the United States’ Liberation Day tariff plan. The move has sparked a brewing trade war, as the US dollar has continued to weaken in the process. Now, Russia is among a host of nations looking to create their own alternative currencies to the greenback. JUST IN: Russian Finance Ministry calls to create its own crypto stablecoin. — Watcher.Guru (@WatcherGuru) April 16, 2025 Also Read: China and Russia Begin Settling Trade Transactions Using Bitcoin Russia Eyes Creation of Its Own Stablecoin In Major Crypto Shift Over the last several years, the BRICS economic alliance has sought to lessen internation...

Amid increased geopolitical uncertainty, the BRICS alliance is taking action, as the bloc has launched an initiative for an international payment system. Indeed, Russian foreign minister Sergey Lavrov has announced the efforts for the bloc to create a payment system that rivals the Western-dominated SWIFT in a recent statement. The efforts come as a global trade war appears to be inching closer. China, one of the original BRICS countries, is caught in a battle of increased tariffs with the United States that may soon create even more divide and disdain between the West and the Global South. JUST IN: Russian Foreign Minister Sergey Lavrov says BRICS is exploring the creation of a new payments platform. pic.twitter.com/v6buM08lmo — BRICS News (@BRICSinfo) April 11, 2025 Also Read: BRICS: US Dollar Is Now an Unreliable Currency, Say Analysts BRICS Launching New Payment System Initiative Amid Rising Global Tensions The global economy has seen tension increase over the last two weeks. Speci...

The de-dollarization narrative is yet to die down completely. With Donald Trump busy deploying aggressive tariffs on nations, the retaliatory forces have become quite active, mulling over launching counter-tariffs on the US. At the same time, 2 leading economies have decided to ditch the US treasury bonds, ending their reliance on the US dollar to bag gold in an attempt to stabilize their economic strata. Will this phenomenon derail the US economic anatomy and usher in de-dollarization? Let’s find out. Also Read: Changpeng Zhao’s Personal Crypto Portfolio Unveiled—What’s Fueling His Fortune India and China Are Bagging Gold Source: Finbold India and China, the two global superpowers, have decided to depend on gold and have decided to move away from US Treasury bonds. Per a recent post uploaded by the Kobeissi Letter, India and China have lately been diversifying their holdings, moving away from the dollar in all ways. This includes a pattern in which both nations have dumped US Tre...