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BRICS member China is accumulating gold for 10 months straight and diversifying its reserves to strike at the USD. The People’s Bank of China (PBOC) purchased 60,000 ounces of gold in August worth $215 million. Overall, China’s gold reserves have increased to $253.84 billion, making it 7.64% of its total foreign exchange reserves. The Communist country now holds 74.02 million ounces of gold in its reserves, according to the latest data from the country’s State Administration of Foreign Exchange. Also Read: China Releases BRICS Trade Index Showing Record Gains Since 2009 BRICS Sidelines USD in Central Bank Reserves, Hoard on Gold Source: Freepik.com Not just China, other BRICS countries like India, Brazil, Russia, and South Africa have been steadily accumulating gold. The strategic gold accumulation by BRICS is a response targeting the USD due to geopolitical uncertainty. “China released data today showing that its central bank has increased its gold holdings for the tenth co...

The intra-BRICS trade is now being dominated by the local currencies as 50% of trade were settled in the Chinese yuan and not the USD, according to the independent think tank for central banking OMFIF. Apart from the Chinese yuan, the alliance used multiple national currencies to bypass the US dollar for cross-border settlements. This makes the greenback less used in the global markets as the bloc advances the de-dollarization agenda. China is pushing the Chinese yuan among BRICS members and not the USD for payment settlements. Around 80% of all trade deals with Russia are done in national currencies like the yuan and ruble. Even Russia and India paid the rupee and ruble for crude oil deals before Trump took office in mid-January. India saved over $7 billion in foreign exchange fees by sidelining the US dollar for oil trade with Russia. Also Read: India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure BRICS Using Chinese Yuan & Other Local Currencies, USD Being Aban...

De-dollarization accelerates across Asia as Trump’s 10% tariffs trigger massive dollar sell-offs and push nations toward local currency alternatives. The April 2025 tariff implementation created unprecedented market chaos, forcing countries to seek BRICS currency solutions and threatening the United States dollar’s global dominance. Foreign direct investment flows to United States – Source: World Bank Data 2025 Also Read: Ripple Price Prediction: $5K in XRP Could Flip Your Future with 580% as ETF Launches How Trump’s 10% Tariffs Drive De-dollarization And Boost BRICS & US Dollar Future Risks Source: Watcher Guru Trump’s universal tariffs sparked immediate de-dollarization momentum across global markets. The head of FX at Deutsche Bank told investors about witnessing a simultaneous collapse in all US assets. The head of FX at Deutsche Bank stated: “We are witnessing a simultaneous collapse in the price of all US assets including equities, the dollar ...

A leading South American country could join the BRICS alliance during the 2025 summit in July. The 17th summit is scheduled to take place in Brazil’s Rio De Janeiro on July 7 and 8, during which the 10-member bloc will meet to discuss trade policies, currency options, and new memberships. The alliance’s decisions are consensus-based, as all nations have to agree to move forward on a policy. Also Read: BRICS Erodes Trust in the US Dollar No South American country has been part of the BRICS alliance, and things could change after the 2025 summit. Even the 13 ‘partner countries’ are not from South America, while Cuba, the closest, is in the Caribbean. This year’s summit could see major changes in how the bloc operates and advance the de-dollarization agenda on the global stage. Also Read: BRICS: European Firms Get Requests For Local Currencies, Not US Dollar BRICS: South American Nations Colombia Wants to Join BRICS After 2025 Summit Source: colombiareports Br...

China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions. Also Read: BRICS: 2 Countries Settle Oil Trade in New Currency, Discard US Dollar Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future BRICS: Chinese Yuan Made Inroads In International Reserves? Source: thediplomat.com The latest data from The Atlantic Council shows that the Chinese yuan has not made any maj...

The US dollar has always been surrounded by serious foes and enemies, the ones that want to derail its reserve currency status. To expedite the de-dollarization concept, Russia and China have always been quite vocal about their ideas, adding how they both want to derail the US dollar hegemony by putting forth the idea of the multi-polar currency world. This roughly sparked the promotion of local currencies on an international scale, jeopardizing the dollar’s supremacy. With the US and EU sanctioning Russia and expelling it out of the SWIFT system, Russia opted for yuan, all while promoting the narrative of de-dollarization at a rapid pace. But now it seems that things have started to take an interesting turn, with Russia showing a softening stance against the US. What is this all about? Let’s find out. Also Read: De-Dollarization Efforts ‘Won’t Stop’ as Global Giants Defy Trump’s 100% Tariff Threat Tables Turning Around: Trump Supporting Russia Source: Politico With Donald T...

With a trade war brewing with the BRICS alliance, the US dollar has fallen for the 3rd straight week amid the ongoing Trump tariffs. Indeed, the country is beginning to see the effects of the ongoing import taxes as the currency struggled to end the week yet again. All eyes are on how the global economy will react to the increased global tensions. Friday saw US President Donald Trump restate his threat towards the economic alliance. This time, he warned of 150% tariffs, as he further claimed that the bloc “broke up” amid the warning. Source: OilPrice Also Read: BRICS Make Major Announcement on US Dollar Amid Trump Tariffs US Dollar Takes a Hit as Trump Tariff Hurts More Than Just BRICS There have been growing concerns over US President Donald Trump’s economic policy. The aggressive nature of the plans has many worrying that it will only fast-track further de-dollarization. Indeed, what drove the nation to move away from the greenback, to begin with, was the weaponizati...

The number of countries that are applying to join the BRICS alliance is intensifying in 2025. Developing nations are drawn towards the bloc as it provides alternative payment options for trade settlements other than the US dollar. Emerging economies could gain a chance to use their local currencies for cross-border transactions and strengthen their overall GDP. In addition, they aim to end dependency on the US dollar to make their local currency find weight in the forex markets. Also Read: BRICS: US Dollar Remains in High Demand, De-Dollarization Failing Read here to know how many sectors in the US will be affected if BRICS ditches the dollar in 2025. Developing countries could gain an upper hand in the global economy and make their local currencies stronger. The move could add pressure on the prospects of the US dollar making it lose out in the global supply and demand mechanism. Also Read: BRICS: India Likely Dumping the U.S. Dollar BRICS: Around 23 Countries Express Interest to Join...

The BRICS alliance which kick-started the de-dollarization agenda is now under the mercy of the US dollar in 2025. The US dollar remained in the green for nine consecutive days in the DXY index and tramping other local currencies. The Indian rupee has fallen to a lifetime low of 85.93 and is on the brink of dipping to the 86 level. The Chinese yuan and the Japanese yen are facing similar lows and are unable to take on the rising US dollar. Also Read: BRICS Makes Huge Announcement on Common Currency Source: Google The US dollar singlehandedly outperformed all local currencies in 2025 taking the top spot in the currency markets. The USD has now reached a high of 109.30 in the DXY index and could breach its all-time high of 109.53. The currencies of BRICS members are the hardest hit despite the alliance pushing the de-dollarization agenda to bring the US dollar down. Also Read: BRICS: India Likely Dumping the U.S. Dollar Source: MarketWatch BRICS: Here’s Why the US Dollar is Rising a...

Things have changed dramatically for the BRICS bloc since the acronym was first coined in 2001. Over the last two years, it has become a key voice in the geopolitical and global economic sectors. Now, BRICS Creator Jim O’Neill has recently expressed his view on its trajectory, while noting that India is poised to soon be the third-largest global economy and a key alliance member. In a recent interview with The Economic Times, the economist discussed the growth rate of the country. Specifically, he noted that India is “doing almost exactly what we thought over 20 years ago, and that is in the process of becoming bigger than Japan and Germany” and becoming a global force. Source: Watcher Guru Also Read: Why BRICS Isn’t a Threat to the Dollar, the US Is India Poised to be BRICS Leader? Jim O’Neill Discusses Shifting Power Balance The last two years have seen the BRICS economic alliance notably increase in prominence. A massive reason for that has been its seek...