🗣️ De-dollarisation in BRICS: Strategic Ambition or Practical Gradualism?

The debate on de-dollarisation has become one of the most prominent themes in contemporary discussions on BRICS economic cooperation. As BRICS has expanded and deepened its role in global governance debates, interest has grown in whether the grouping can reduce dependence on the United States dollar in trade, development finance, and cross-border payments. Yet much of the public discussion remains imprecise.

This article argues that de-dollarisation in 🕊🕊🕊🕊🕊 is best understood not as an immediate attempt to displace the dollar globally, but as a strategy of practical gradualism. BRICS is seeking to widen the use of local currencies, strengthen financial and payment infrastructure, and expand institutional tools such as the New Development Bank (NDB). In this sense, BRICS is not yet building a post-dollar order; it is building a less dollar-dependent operating space for its members and partners.

Read more in our new article by Raymond Matlala, Founder and Chairman of the South African BRICS Youth Association (SABYA).

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