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US President Donald Trump imposed 25% tariffs on India, accusing it of indulging in anti-American activities. Trump also imposed a penalty on India for buying Russian crude oil and military equipment despite the sanctions. The US President is coming down hard on BRICS, especially India, accusing them of advancing de-dollarization by putting the rupee ahead for trade and transactions. Even before Trump imposed 25% tariffs, India had been closely working to allow nearly 30 countries, including BRICS members, to settle payments in the rupee through the special Vostro bank accounts. The Reserve Bank of India (RBI) recently lifted the cap on Vostro accounts investments to push the rupee-denominated trade, according to a recent report from Reuters. Also Read: Trump’s 25% Tariff on India Puts BRICS Unity to the Ultimate Test BRICS Strategy: 30 Countries Allowed to Settle Payment With India in the Rupee Source: FinancialExpress.com BRICS member India is aiming to internationalize the rupee wit...

Global alliances pushing de-dollarization are accelerating their departure from American monetary hegemony, and at the time of writing, nine major economic blocs are actively reducing their reliance on the greenback. This unprecedented shift represents the most serious challenge to US financial dominance since World War II. Major partnerships pursuing BRICS de-dollarization initiatives, combined with currency blocs emerging across Asia, Africa, Europe, and Latin America, signal a fundamental restructuring using US dollar alternatives and local currency settlements. Also Read: De-dollarization: SCO Nations Shift 92% of Trade Away from US Dollar How Major Alliances Are Replacing the US Dollar in 2025 Source: Watcher Guru BRICS+ Coalition Spearheads Movement Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the UAE, now part of the broader BRICS+ group, have joined in taking action against the influence of the dollar. Here, Iran’s central bank governor, Mohammad Reza ...

The BRICS alliance has turned aggressive in advancing the de-dollarization initiative to bring down the US dollar’s global hegemony. They are forging new trade deals with other developing countries to settle cross-border transactions in their respective local currencies. The long-term goal of the 10-member bloc is to diminish the Western powers and tilt the financial authority towards the East. Also Read: Exclusive: How the US Can Avoid De-Dollarization, Analyst Explains The main objective of BRICS is to usher the world into a new financial era where the US, the dollar, and other Western allies have no power in global affairs and the overall markets. The roadmap is already set, and the developing nations are working towards making it a reality. Whether they will be successful in bringing the US dollar down or not, only time will tell. However, if BRICS manages to abandon the dollar, one important US sector will be the first to crash. It holds the keys to the American economy and g...

Saudi Arabia and China sign 57 deals worth over $3.73 Billion USD just recently, and the agreements mark a major advancement in local currency cooperation and also de-dollarization efforts between the nations. The deals, which were signed at the Saudi-Chinese Business Forum in Beijing this month, are enhancing BRICS-aligned trade and also promoting currency substitution between these economic giants right now in 2025. Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion Saudi-China $3.73B Agreements Boost Trade, Finance, Currency Use Source: Watcher Guru As Saudi Arabia and China sign 57 deals worth over $3.73 billion USD, at the same time institutional cryptocurrency market activity has also increased significantly. The BlackRock ETF inflows at the time of writing reflect growing confidence among major investors who are seeking alternative asset classes in today’s changing financial landscape. Strengthening Bilateral Economic Ties In at...

With continued geopolitical unrest, the rush to haven assets has been an undeniable reality. That could benefit one economic alliance that has sought out a US dollar alternative for much of the last year. Indeed, the BRICS alliance may push the gold price to heights of $6,000 as talks of an impending US trade war persist. Since its unveiling of sweeping global tariffs in early April, tension between the US and China has reached a fever pitch. Moreover, that has created increased conflict within the alliance itself, as the group has recently failed to deliver a joint statement. Yet, all eyes are on gold, as the developments could only fuel the asset that BRICS nations have purchased rampantly throughout the last year. Source: iStock Also Read: BRICS: Payments in Chinese Yuan Increased to 24% in 2025 BRICS May Push Gold to New Heights Amid US Tensions Since he emerged victorious in the 2025 US presidential election, Donald Trump has expressed his issues with the BRICS alliance. He threat...

China is doing everything possible to advance the de-dollarization agenda and dim the lights on the US economy. BRICS members China and Russia recently sidelined the US dollar to settle oil and gas payments in 2025. The development adds pressure on the US economy as developing nations are using new modes of payment and not the dollar. Also Read: BRICS: When Barack Obama Predicted the US Dollar’s Future Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Reducing dependency on the US dollar will lead to the currency facing deficits and bring inflation into the homeland. The USD needs to maintain its demand and supply mechanism in the forex markets and failing to do so can bring its doom. Also Read: What Are the Advantages of a BRICS Currency? BRICS: China & Russia Settle Oil Trade in New Currency Source: Reuters Trillion-dollar asset management firm VanEck recently confirmed that BRICS members China and Russia have settled oil payment...

Since his return to the White House, US President Donald Trump has sought to end global de-dollarization. In pursuit of that, he has targeted the BRICS alliance with 150% tariffs, as Trump is now set to levy reciprocal tariffs on the entire world, with the US dollar bound to be affected. Since his election win in late 2024, he has placed a massive target on the BRICS bloc. Specifically, he sought to end any talks of local currency promotion within the global south. However, this move is less about the status of the greenback and more about balancing global trade. So, what impact will it have on the asset? Source: The New York Times Also Read: BRICS President Eyes Increased De-Dollarization as US Trade War Lingers BRICS & The World to Face Trump Tariffs on US ‘Liberation Day’: How Will the US Dollar Respond? US President Donald Trump has been hyping up his April 2nd announcement as the country’s ‘Liberation Day.’ The administration is set to unveil a string ...

The Official Trump price pumped 6% in the last 24 hours to trade at $17.67 as of 2:10 a.m. EST on trading volume that skyrocketed 24% to $1.97 billion. The TRUMP price started surging yesterday after US President Donald Trump announced new tariffs, adding that “BRICS is dead.” He said that the intergovernmental organization consisting of ten countries currently (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE) was “put there for a bad purpose” and that he will impose tariffs if they want to “play games with the dollar.” JUST IN: 🇺🇸 US President Trump says "BRICS is dead." pic.twitter.com/uwLmxJkebN — BRICS News (@BRICSinfo) February 13, 2025 In response, the TRUMP meme coin blew up, as it did before when the president took major steps to address some issues. Official Trump Price Prediction As mentioned, TRUMP skyrocketed following the President’s statement, hitting its peak ...

BRICS members Russia and Iran announced that they have officially abandoned the US dollar for trade between the two nations. Russia reported that 96% of all cross-border transactions between Iran have been settled in local currencies, the ruble and rial. In 2024, the usage of local currencies between Russia and Iran is up by 12.4%, making 96% of all settlements. Also Read: BRICS Determined to Trade In Local Currencies, Not US Dollar “We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials,” said the Governor of the Central Bank of the Islamic Republic, Mohammad Reza Farzin. However, both nations face sanctions as the White House has made it difficult to accept the US dollar. In July this year, both the BRICS countries agreed to a currency swap policy signed by the Russian and Iranian central banks. They also completed the integration of Russia’s Mir payment as a replacement ...

BRICS member India is among the few countries that successfully launched a pilot basis of Central Bank Digital Currency (CBDC). The Reserve Bank of India (RBI) began testing the CBDC currency early this year for trade and common transactions. The RBI is testing the security aspects of digital currencies and conducting studies about their potential impact on the economy. Also Read: Trump Advancing to Fracture & Dismantle BRICS The launch of the CBDC could change the fortunes of BRICS member India, as it’s ahead of the curve in digital currencies. Out of the 198 countries in the world, 134 nations are currently working towards the formation of a CBDC currency. All the countries are currently in testing mode while only a few have reached the pilot testing phase. Also Read: 4 New Countries Show Interest To Join BRICS Alliance BRICS: India Gives Update on CBDC Currency Progress Source: Forbes / GettyImages Apart from the de-dollarization agenda, BRICS is also looking to topple the US...

The US dollar is currently standing on a vulnerable threshold as its foes have started to double up at a rapid pace. As an active BRICS member, China has already ditched the dollar and is deepening ties with ASEAN, an alliance that pioneers the multipolar currency agenda. The collective strength of BRICS and ASEAN doubling down on the US dollar could prove lethal for the currency as the regional currency narrative, coupled with de-dollarization, is growing stronger with each passing time. In this quest, China has deepened its ties with ASEAN, as the recent McKinsey & Company outlines the stark geopolitical shifts that these regions are active parts of. Also Read: Ripple Announces Major Partnerships That May Help XRP Claim $0.65 China And ASEAN: Strengthening Economic Ties And Impact On The US Dollar Source: Business Telegraph Deepening Trade Relationship The economic interdependence between Asia and other regions is doubling rapidly. According to McKinsey and Company’s latest repor...