De-Dollarization: 9 Global Alliances Abandon US Dollar
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 ...