BRICS Countries Are Ditching the U.S. Dollar.
* The US dollar serves as the dominant international currency, with 96% of trade in Americas and 74-79% in most other regions conducted in USD
* The US leverages its reserve currency status through financial sanctions and control of international banking systems like SWIFT
* BRICS nations (Brazil, Russia, India, China, South Africa) are developing alternative payment systems including CIPS (China), SPFS (Russia), and the proposed BRICS Pay
* BRICS countries are increasing gold reserves to reduce USD dependence, with China adding 314 tons and Russia increasing purchases to 31.5% of total reserves
* The expanded BRICS alliance now represents 37.3% of global GDP and 44.35% of global oil reserves