When you hear that BRICS nations are “building their own financial systems to avoid the dollar,” it isn’t alarmist talk — it reflects a real shift happening in global finance. Recently, the idea resurfaced publicly: that BRICS aims to reduce reliance on the U.S. dollar, to protect themselves from what some call “the drunken-sailors-at-the-printing-presses” problem […]
When you hear that BRICS nations are “building their own financial systems to avoid the dollar,” it isn’t alarmist talk — it reflects a real shift happening in global finance. Recently, the idea resurfaced publicly: that BRICS aims to reduce reliance on the U.S. dollar, to protect themselves from what some call “the drunken-sailors-at-the-printing-presses” problem — i.e. excessive money printing, inflation and sanctions risk tied to dollar dominance. rt.com+2آر تي عربي+2
Here’s why this matters — and what investors, businesses and ordinary citizens should watch closely.
As BRICS continues to evolve, understanding its impact on global economies becomes crucial.
Why BRICS Wants a Separate System
Reduce Dependence on USD and External Vulnerability
For decades, the dollar reigned supreme: almost all international trade was invoiced in dollars, global reserves held by central banks relied heavily on the greenback, and cross-border payments used dollar-dominated systems like SWIFT. ويكيبيديا+1
But that dominance comes at a cost: when the U.S. economy prints too much money, inflation and weakening purchasing power ripple worldwide. Worse — in times of geopolitical conflict, countries using the dollar may face sanctions, asset freezes, or restricted access to the global payment network. For many BRICS nations, that represents a long-term threat to economic sovereignty. Middle East Council on Global Affairs+1
By building an independent payment and settlement system — and potentially a shared currency or multi-currency settlement mechanism — BRICS aims to shield itself from dollar-related risks, offering more control, stability, and freedom in trade. ويكيبيديا+1
Strengthening Trade Between Member Nations
BRICS includes a diverse group of emerging economies — from China and India to Brazil, South Africa, and other newer members. Their trade flows involve vastly different currencies, regulations, and banking systems. A unified or interoperable payment system can drastically reduce friction, lower transaction costs, and accelerate trade growth among member states. ويكيبيديا+1
Moreover — when trade isn’t forced through dollars — it helps avoid currency-exchange volatility, makes pricing more predictable, and reduces dependence on foreign exchange reserves in USD.
What Are They Building — And What’s Ahead
A Payment System Instead of SWIFT
BRICS has already initiated a payment messaging system — BRICS Pay — designed to allow member states to send and receive payments using local (or mutually agreed) currencies, bypassing dollar-based systems. ويكيبيديا+1
In parallel, there have been discussions and proposals (for years) about a common BRICS currency or a trade-settlement “basket-backed” unit — sometimes proposed to be partially backed by gold or a mix of member-states’ currencies. Investing News Network (INN)+1
If implemented — even partially — this could mark a watershed shift: from a dollar-dominated world to a multipolar system where power is shared more broadly.
Practical Benefits (and Challenges)
Benefits:
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More financial sovereignty for member states
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Lower risk of external sanctions or USD-driven inflation
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Easier trade settlement among members
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Opportunity for emerging economies to grow without dollar constraints
Challenges:
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Technical and regulatory complexity of a new payment network
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Trust, stability, and acceptance: a new currency or system must gain global confidence
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Transition pains for countries and companies used to USD-based trade
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The dominance and inertia of existing global systems tied to the dollar
What It Means for Investors & The Global Economy
If BRICS succeeds in establishing a robust alternative system, the ripple effects could be huge — and fast-moving.
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Diversified currency exposure — Investors might shift from dollar-denominated assets to assets denominated in yuan, rupees, reals, rand, etc.
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Shift in global capital flows — Emerging markets could benefit more, weakening dollar-dominant supply chains or trade routes.
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New opportunities — Infrastructure, fintech, cross-border trade platforms, and local-currency bonds may rise in demand.
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Increased volatility — During transition, currency values, exchange rates, inflation rates might fluctuate more — adding risk but also opportunity.
Final Thought — It’s Not Instant, But It’s Serious
None of this — BRICS Pay, a new currency, a de-dollarized global economy — is going to happen overnight. There are massive political, technical, and economic barriers. That’s why even among BRICS nations there is debate about how far to push de-dollarization. Investing News Network (INN)+1
But what matters is: for many countries, the status quo feels increasingly risky. With rising global tension, rising U.S. debt, and pressure on dollar-dependent financial systems — the push for alternatives is gaining serious momentum.
For investors, business leaders, and policymakers: it’s a development worth watching closely. Because once these alternative systems reach critical mass, the global financial landscape might no longer belong to one currency or one power — but to many.
