BRICS 2025: De-Dollarization Accelerates as Gold Reserves Surge
The expanded BRICS bloc—now including Egypt, Ethiopia, Iran, UAE, and Indonesia—represents 48.5% of global population and 39% of GDP (PPP). De-dollarization efforts focus on local currency trade and alternative payment systems, while Gold reserves accumulate at record pace. Internal divisions persist over a potential gold-backed currency.
Russia’s Vladimir Putin signaled a strategic pivot in November 2024, despite earlier sanctions freezing billions in dollar reserves. India’s External Affairs Minister S. Jaishankar later clarified positions during a March 2025 London event, highlighting geopolitical tensions within the alliance.
BRICS+ central banks have purchased 800 metric tonnes of gold in 2025 alone, driving volatility in precious metals markets. The bloc’s expansion includes 20 additional partner nations seeking to reshape global finance into a multipolar system.
