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The Pan-African Payment and Settlement System is a real-time settlement infrastructure for cross-border payments in local currencies. The initiative was publicly launched in January 2022. The move mirrors other initiatives around the world to develop financial systems independent of the US dollar. While it promotes soft de-dollarization, completely moving away from the greenback may not be its intended action. De-Dollarization Not The Goal Of The Pan-African Payment and Settlement System Source: Freepik According to the Pan-African Payment and Settlement System chief Mike Ogbalu, “ Our goal, contrary to what people might think, is not de-dollarization. “ Bypassing the US dollar seems like a prudent alternative. Ogbalu highlights how African economies struggle to find third-party global currencies to settle transactions. Commercial banks in Africa often rely on overseas counterparts. Partnerships with overseas counterparts significantly add to transaction costs. Trade in Afri...

The number of nations supporting de-dollarization has grown significantly over the past 10 years. Several countries are tired of the US dollar’s role as the main global currency. An increasing number of trade partners have agreed to use local currencies for trade. Many people often refuse to notice the clear signs. There has been a noticeable weakening in the dollar’s reputation in the last decade. Does the world currently have what it takes for a non-US dollar system to work? 3 Reasons Why De-Dollarization Is Real 1. Dip In Foreign Exchange Reserves Source: Watcher.Guru The US dollar has seen a massive dip in its share of global central bank foreign exchange (FX) reserves over the last two decades. According to International Monetary Fund (IMF) data, the US dollar accounted for 71% of global FX reserves. This figure has fallen to 58% in 2024. The decline of the US dollar’s share in global reserves is a strong indicator of the de-dollarization movement Also Read: De-Dollariz...

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 US dollar liability has become America’s most critical threat as the currency’s dominance in roughly 88% of global foreign exchange transactions faces unprecedented challenges right now. At the time of writing, de-dollarization efforts, Trump tariffs backfiring, and eroding global dollar dominance are transforming America’s greatest asset into its biggest weakness. Also Read: FIFA Signs Partnership With Avalanche (AVAX) to Build Its Own Blockchain How De-Dollarization, Tariffs, And Global Shifts Threaten Stability Source: Watcher Guru The US dollar liability crisis stems from Trump’s aggressive tariff strategy that was meant to protect dollar dominance but has accelerated the very process it aimed to prevent. At the time of writing, financial markets are experiencing what Deutsche Bank calls unprecedented dysfunction, and analysts are genuinely concerned about what this means for America’s economic future. George Saravelos from Deutsche Bank was clear a...

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...

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 ...

De-dollarization is a nagging agenda that the global nations have been vying to achieve for as long as one can remember. The idea of de-dollarization refers to reducing one’s reliance on the US dollar, with nations trying hard to derail the US dollar, snatching away its reserve currency status. But the tables have now started to turn. With Donald Trump leading the charge of the US, his aggressive policies and procedures have the power to end this de-dollarization “nuisance,” establishing a new world order in the process for others to follow. Here’s how he may bolster the US economy in three ways, ending the rising de-dollarization rumors. Also Read: GTA 6 Leak: John Cena’s Heel Turn + Will Villains & Sea Monsters Rule? Three Ways Through Which Trump Can Bolster the US Economy And The US Dollar 1. The President’s Tariff Plan To Bolster US Dollar Source: Rollingstone By now, the world is fully aware of Donald Trump’s aggressive tariff policy. Donald Trump is trying hard to strengthe...