De-Dollarisation Archives

The approach would allow countries to retain their existing monetary systems while making international settlements between BRICS members more efficient

No Proposal For BRICS Currency For Now; Local-Currency Settlements Remain Focus

PGurus Newsdesk - September 12, 2026 0

Bloc focuses on local-currency settlements and stronger cross-border payment systems BRICS countries are not currently pursuing the creation of a common currency, with the grouping...

Despite growing efforts to reduce reliance on the USD, the US dollar remains the dominant global currency, accounting for over 90% of international transactions

International/ World news

Trump threatens 100% tariffs on BRICS nations over de-dollarisation efforts

PGurus Newsdesk - January 31, 2025 1

Trump warns BRICS against replacing the US dollar US President Donald Trump has issued a strong warning to BRICS nations, threatening to impose 100% tariffs...

The US currency, the dollar or the greenback is the medium in which most global trade is conducted among nations around the world

Economy

BRICS expansion could end US dollar dominance in oil trade: US...

PGurus Newsdesk - October 15, 2023 1

Petrodollar era to end? With the BRICS emerging as a major trading bloc with its expansion of six more countries, including Saudi Arabia, since the...