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Throughout the last several years, the global south has sought ways to de-dollarize the global economy. They have made headway, but the greenback remains the most prominent currency on the planet. This could be why, when it comes to the BRICS bloc taking on the US dollar, 2025 may be the year it either happens or it doesn’t. For as much as the economic alliance has continued to wage war against the currency, the US dollar’s position has not yet been threatened. Indeed, Brazil even confirmed that its position looks to be secured for much of the next 10 years. Therefore, if it is unable to make significant gains regarding de-dollarization this year, it may be safe to question if it can ever happen. Source: iStock Also Read: BRICS: The Biggest Reason India May Eventually Leave The Alliance BRICS & The US Dollar: Is 2025 The Last Year It Can Truly De-Dollarize The Globe? The idea of de-dollarization has seemingly been ingrained in the very makeup of the BRICS alliance. The bloc ...

US dollar decline is a fact of the present with an alarming speed, and many economists are even concerned about the future of America from a financial perspective. The greenback has for decades practically dominated world markets, but this era may be dying out sooner than one could have imagined. Harvard Economist Kenneth Rogoff has been monitoring this trend for years and at the time of this writing believes that what we are observing is a historic shift that is going to change the nature of international finance for generations. Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit US Dollar Decline, De-Dollarization, And Crypto’s Global Rise Source: Watcher Guru The Dollar’s Fading Glory As told by Rogoff’s extensive research, the US dollar decline started years ago. He tracks the currency’s travels, as well as its tenuous future, in his new book “Our Dollar, Your Problem.” Rogoff stated: “My thesis is that the US doll...

Formally, Ukraine has already launched its path to euro. It is known that Ukraine is preparing for switching from US dollar to euro as a basic currency, a change occurring at this time due to the increasing currency fluctuations in the world and due to its integration with EU’s economy amid the ongoing aggression of Russia. Also Read: Dogecoin Predicted To Reach $2: Here’s the Timeline Exploring Ukraine’s Move to Euro: Economic, Security, and Market Impacts Source: Watcher Guru Official Confirmation of Plans Central Bank Governor Andriy Pyshnyi has officially confirmed the Ukraine euro plans just recently. Pyshnyi stated: “This work is complex and requires high-quality, versatile preparation.” The change is necessary as currency fluctuations are increasing because of fluctuations in the global markets as well as due to political turmoil globally. The euro versus dollar war has gone a notch higher especially due to the tendency that Ukraine is replacing the dollar...

The US dollar collapse is happening right now, according to economist Peter Schiff’s recent and rather alarming warnings. His assessment highlights some pretty serious concerns about America’s financial stability in the midst of increasing market volatility and, well, the dollar’s gradually weakening position in global markets. Also Read: US Banks Can Now Custody Customer Crypto, OCC Says Schiff’s Insight on US Dollar Collapse, Market Volatility, and Security Risks Source: Watcher Guru Fed Policy Dilemma On May 6, Schiff shared his rather stark US dollar collapse prediction through social media platform X, and his message was certainly not reassuring for investors worried about security risks. Schiff stated: “The U.S. dollar is about to free fall and gold will soar to heights few can imagine. The only way to end America’s massive trade imbalance is to end the dollar’s role as the global reserve currency.” The U.S. dollar is about to free f...

President Donald Trump is busy imposing tariffs on nations. These tariffs have spurred global market instability, impacting the US markets negatively. This development has also compelled several nations to recoup and figure out a counterstrategy to continue working with the United States. At the same time, nations like China have counter-imposed tariffs on the US, sparking widespread trade war narratives. In its wake, a new development has caught pace, which is now impacting the US dollar, ushering in de-dollarization drives to take over the world. Will the dollar lose its status before Trump’s reign ends? Let’s find out. Also Read: De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar Trump Tariffs and De-Dollarization Source: Watcher Guru Trump continues to rake in headlines no matter what he does. For instance, the president has embroiled himself in an active trade war narrative by imposing strict tariffs on several nations. At the same time, Trump has recently ...

De-dollarization threatens the current global currency stability as Cuba reintroduces dollar stores and, at the same time, Trump also prepares for some aggressive tariff policies. This weak dollar impact is also creating some economic divides both domestically and internationally as nations are starting to shift away from USD dependence. Source: JamaicaObserver Also Read: Cardano: AI Predicts ADA Price Forecast April 5th, 2025 How Cuba’s Dollar Stores & Trump’s Policies Shape Global Currency Source: Watcher Guru Cuba’s Dollar Economy Reflects Global De-Dollarization Trends Source: JamaicaObserver Cuba’s resurrection of dollar-only stores represents, in many ways, a microcosm of the global de-dollarization challenges. While the communist nation struggles to obtain dollars, many countries are also actively working to reduce their dollar dependence. Prime Minister Manuel Marrero called the dollar stores “a necessary process” for the state to capture som...

The latest data from the international payment messaging system SWIFT shows that the US dollar is the most used currency in the world for cross-border transactions. The total transaction value in the US dollar stood at 60.08% as of December 2024. The Euro comes at a distant second at 12.83% indicating that the dollar’s dominance is here to stay. The other leading currencies are in single digits and stand no chance in challenging the US dollar. Also Read: Cardano (ADA) Predicted To Rally 118%, Hit $1.64: Here’s When Source: statista.com The US dollar makes up a significant part of the global transactions in the SWIFT payment system. Currencies like the Japanese yen take 5.09%, while the Chinese yuan, which is looking to uproot the US dollar’s global dominance stands at 2.8%. The data indicates that the Chinese yuan has a herculean task to take on the USD as its usage is minimal. Despite spearheading the de-dollarization agenda, the Chinese yuan is yet to become the most accep...

The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 BRICS: Prepare For a US Market Correction, Says Goldman Sachs Source: Reuters / Brendan McDermid Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide. “While we expect equity markets to make further progress over the year as a whole — largely driven by earnings — they are increasingly v...

A total of four new countries have expressed their interest in joining the BRICS alliance this month. The number of countries that are ready to be a part of the bloc is only growing lately. The de-dollarization agenda, clubbed with a renewed consideration of local currencies is what’s attracting emerging economies into the bloc. Read here to know the reason why many developing countries are ditching the US dollar for global trade and commerce. Also Read: BRICS Countries Are Rejecting De-Dollarization BRICS: 4 Countries Ready to Join Alliance Source: Valery Sharifulin (TASS) Four new nations have come forward officially expressing their intent to be a part of the BRICS alliance. The four countries that want to join the bloc are: Bolivia Columbia Libya Namibia Also Read: BRICS: Indigenous Groups in Canada Seek Oil Deals With China While Bolivia is already a part of the BRICS alliance via the ‘Partner countries.’ It is now looking to be a full-time member. “BRICS is...

Whether you like it or not, the de-dollarization agenda kick-started by the BRICS alliance is here to stay. There is no denying that the US dollar reigns supreme despite multiple global challenges, but how long can it fend off its adversaries? In the early 20th century, the United Kingdom had its colonies all across the world and ran a famous phrase ‘the sun never sets on the British empire’. Its territories were so large, that you were considered crazy if you would think it would all end someday. Also Read: BRICS: A World Without the US Dollar, Myth or Reality? In no surprise, the sun did set on the British empire just 45 years after the phrase came into existence. The UK is now a country struggling with finances and its colony India, which is a BRICS member has surpassed it through a robust GDP. The turn of events could be brutal as time passes by and those who think that the US dollar will remain supreme forever need a reality check of the British empire. Also Read: JP Mo...

Russia has unveiled plans to launch two State-linked cryptocurrency exchanges to integrate digital payments for trade settlements. The US sanctions have made Russia find alternative payment methods to keep its economy afloat. The two cryptocurrency exchanges will operate in two different cities, one in Moscow and the other in St. Petersburg. In addition, BRICS member Russia also plans to launch a new stablecoin that will be linked with the Chinese yuan. Also Read: BRICS: New Gold-Backed Currency Gains Steam & Challenges the US Dollar JUST IN: Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports. — Watcher.Guru (@WatcherGuru) August 23, 2024 The bold plan from BRICS member Russia is to peg the Chinese yuan with the new cryptocurrency-based stablecoin at a 1:1 ratio. This makes its price remain stable with no volatility and is relatively safe to initiate transactions with no concerns of fluctuating prices. Also Read: BRICS:...