Trump Criticizes BRICS Currency Plans Amid Dollar’s Global Decline
Countries
Cooperation areas
Source: Telegraph India | Original Published At: 2025-12-01 02:17:09 UTC
Key Points
- Trump claims BRICS aims to weaken the US dollar through a common currency, but most BRICS members remain unconvinced about such plans
- BRICS nations lack economic policy coordination or free trade agreements, making a unified currency proposal premature
- India and China prioritize promoting their own currencies (rupee and yuan) rather than pursuing BRICS-wide monetary integration
- US dollar maintains dominance in global trade (54% of invoices) and reserves (48%), though its share has declined from historical peaks
- Dollar's relative decline attributed to broader structural economic shifts rather than BRICS activities