Updated

BRICS leaders have continued to call for greater use of local currencies in intra-bloc trade to reduce reliance on the U.S. dollar, but analysts note that actual progress toward de-dollarization remains limited. Despite repeated statements, the dollar continues to dominate global trade and reserve holdings. The discussion underscores ongoing geopolitical tension over dollar dominance, even as practical barriers—liquidity, convertibility, and trust in alternative currencies—keep meaningful shifts away from the dollar mostly theoretical for now.