De-dollarisation

In recent months, the BRICS bloc has been working extensively to push for an alternate financial system in an effort to dethrone the monopoly of the dollar.

As the world of cryptocurrency continues to evolve, there’s been a lot of speculation about whether digital currencies like Bitcoin could one day replace the U.S. dollar as the dominant global currency.

Donald Trump’s proposal to impose 100% tariffs on countries moving away from the US dollar aims to reinforce the dollar's global position. This move reflects his broader economic strategy and is part of his campaign efforts in pivotal states like Wisconsin.

126 nations will attend the BRICS conference in Moscow, aiming to reduce reliance on the US dollar and promote local currencies, ahead of the October BRICS Summit.

The dominance of the Dollar might just crash following the rise of the Chinese Yuan, officially known as the renmingbi (人民币).

BRICS nations are actively reducing their reliance on the US dollar in favour of national currencies, reflecting a broader trend towards economic self-reliance and a shift in global economic power.

BRICS seeks to reshape global trade by reducing reliance on the US dollar, developing new payment systems, and expanding its membership to include countries like Egypt, UAE, and Malaysia.

金砖国家寻求通过减少对美元的依赖、发展新的支付系统以及扩大成员国范围（包括埃及、阿联酋和马来西亚等）来重塑全球贸易。

BRICS nations shift to gold, reducing US Treasury holdings and reshaping global economic dynamics.