China Confirms Brics Expansion Countries May Ditch Us Dollar

Last updated: June 8, 2025, 21:32

China Confirms Brics Expansion Countries May Ditch Us Dollar

Given the recent expansion of

Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton Institute’s

The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce global reliance on the dollar, a

BRICS: 40 Countries Look To Ditch the US Dollar

Explainer: What is a BRICS currency and is the U.S. dollar in trouble?

China, Brics bloc not ready to reject US dollar despite Russian

China Confirms BRICS Expansion, Countries May Ditch US Dollar

At the meeting

At the meeting, the leaders representing the BRICS (Brazil, Russia, India, China, and South Africa) nations discussed plans to reduce their dependence on the U.S. dollar.

While there are growing concerns among the Brics bloc of emerging economies over the scope of financial sanctions from the United States, few countries in the grouping seem

China’s Growing Influence from BRICS Expansion

Brazil

Trade: BRICS expansion into payment systems poses

US dollar's dominance secure, BRICS see no progress on de

Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their

China declares support for a

Consider This: Will BRICS dethrone the US dollar?

China declares support for a massive BRICS expansion and convince many countries to ditch the U.S. dollar for global trade.

BRICS Currency May Not Upstage the US Dollar Anytime Soon