A total of 44 countries are aligning with the de-dollarization agenda kick-started by the BRICS alliance. The 11-member bloc is rewriting trade policies to benefit their national economies and currencies while ignoring the US dollar. The shift against the greenback is accelerating as emerging economies are bringing investments back home. Developing countries are cutting ties with the US-based financial investments such as bonds, and accumulating gold and local currencies in their reserves.
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The economic policies of the White House have caused extreme financial distress in developing countries. From Trump initiating tariffs to trade wars and global dominance, emerging economies are siding with BRICS as the bloc advances the de-dollarization agenda. The US now stands alone on the global stage as even the European Union, which is its close ally is considering the euro for transactions. Several leaders have openly called to reduce dependency on the USD and focus on European assets.
44 Countries Align With BRICS De-Dollarization Agenda
Vietnam became the latest country to show interest in the BRICS de-dollarization agenda in 2025. Around 44 countries are interested in BRICS expansion and officially taking part in the de-dollarization policies. The nations who are on the sidelines want to dismantle the US dollar’s dominance and replace it with local currencies.
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The upcoming 17th summit in Rio de Janeiro will signal how fast the process will gain shape next. BRICS made it clear that the long-term goal of the alliance is to fast-track de-dollarization and end the US dollar’s supremacy. It is reported that many more countries could join the bandwagon from Asia and nations from the African region.
Emerging economies want to use BRICS as a stepping stone to officially launch the de-dollarization roadmap in their respective countries. They would have the backing of the New Development Bank (NDB) which can disburse loans in local currencies for infrastructural developments.