A monumental vault filled with dollars, with a man from the BRICS alliance contemplating the green bills.

For several years, the BRICS have been seeking to reduce their dependence on the US dollar by developing a monetary alternative. However, at the beginning of 2025, the reality of the foreign exchange market is slipping away from them. The dollar is asserting itself more than ever and reaching new heights while the currencies of the bloc are collapsing. The Indian rupee has plummeted to a historic low of 85.93, the Chinese yuan is weakening, and other local currencies are struggling to hold on. Despite the BRICS' efforts to counter the hegemony of the greenback, the current dynamics expose the limits of their dedollarization strategy and raise the question of the viability of a credible alternative.

L’article BRICS’ Monetary Ambitions Collapse Under Dollar Strength est apparu en premier sur Cointribune.