BRICS nations are rapidly abandoning the US dollar and encouraging other alliances to do the same. Now, over 90 countries are dropping US dollar for yuan, rupee, and not only. This movement represents the largest challenge to American financial dominance since World War II. Countries abandoning US dollar seek BRICS currency alternative through yuan replacing dollar mechanisms, and also accelerating global de-dollarization trends that reshape international commerce fundamentally.
Also Read: De-Dollarization: Full List of Countries Dropping the US Dollar & Key Reasons
Why BRICS De-Dollarization Nations Abandon the US Dollar System
BRICS nations have achieved remarkable de-dollarization success, with the Commonwealth of Independent States conducting over 85% of cross-border transactions using national currencies right now. Russia’s transformation shows countries dropping US dollar can succeed – ruble-based exports spiked from 10% to over 40% after Ukraine sanctions.
Mohammad Reza Farzin stated:
“We (BRICS members Iran and Russia) have entered into a currency agreement with Russia and fully removed the US dollar. Now we only trade in rubles and rials.”
India-Russia partnerships demonstrate yuan replacing dollar effectiveness. Bilateral trade surged from $13 billion to $27 billion through rupee-denominated purchases, proving BRICS currency alternative systems work in practice.
Payment Systems Replace Dollar Infrastructure
BRICS Pay development accelerates as BRICS de-dollarization nations seek viable alternatives. The system facilitates local currency transactions, and also supporting continued reduction in dollar dependency across 50+ participating nations at the time of writing.
Vladimir Putin stated:
“The dollar is being used as a weapon. We really see that this is so. I think that this is a big mistake by those who do this.”
Countries abandoning US dollar can now conduct business through these yuan replacing dollar mechanisms, while BRICS currency alternative infrastructure continues expanding across multiple regions.
Beyond BRICS: 90+ Nations Join the De-Dollarization Movement
BRICS nations represent just part of a broader coalition. The Commonwealth of Independent States includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan, and also Ukraine – all former Soviet countries dropping US dollar from their transactions.
African nations such as Kenya, Ethiopia, and also Nigeria are actively seeking monetary sovereignty through various alliances after Tanzania officially banned US dollar. Countries abandoning US dollar now span multiple continents, with ASEAN bloc members promoting local currency settlement frameworks and yuan replacing dollar mechanisms gaining traction across different regional partnerships.
At the time of writing, over 50 nations actively use yuan, rupee, and ruble for oil and defense trade through BRICS partnerships, while additional countries explore BRICS currency alternative systems through partner state arrangements.
Energy Markets Lead Global De-dollarization
Saudi Arabia’s participation shows how BRICS de-dollarization nations transform energy markets. The kingdom accepts yuan for oil sales, demonstrating countries abandoning US dollar in critical sectors. Ghana uses gold for oil imports, while India purchased oil from Russia using rupees and also bypassing traditional Dollar-based systems entirely.
Political Responses and Market Outlook
Trump threatened 100% tariffs on BRICS de-dollarization nations pursuing currency alternatives. Brazilian President Luiz Inácio Lula da Silva initially supported common currency creation but dropped plans after threats.
Luiz Inácio Lula da Silva was clear about the fact that:
“Resorting to unilateralism undermines the international order. In the face of polarization and the threat of fragmentation, the consistent defense of multilateralism is the only path we must follow.”
Also Read: De-Dollarization Surge in Asia: Bloomberg’s Stephen Chiu Discusses Dollar Crisis
Ron Paul gave a warning of future changes, dubbing it the Rio Reset, in July 2025. Nevertheless, the abandonment of the US dollar by countries continues to surge as central banks accumulate more gold as the indicators of larger shifts towards eliminate the dependence on yuan replacing dollar hegemony via BRICS currency alternative systems.
The de-dollarization pattern worldwide seems to be irreversible as an increasing number of countries follow BRICS de-dollarization countries in pursuing financial sovereignty by local currency systems as well as other payment systems that limit American financial dominance in the globe.