{"id":83998,"date":"2025-10-17T09:04:07","date_gmt":"2025-10-17T09:04:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/83998\/"},"modified":"2025-10-17T09:04:07","modified_gmt":"2025-10-17T09:04:07","slug":"are-brics-trying-to-overturn-the-global-financial-order","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/83998\/","title":{"rendered":"Are BRICS Trying To Overturn The Global Financial Order ?"},"content":{"rendered":"

9h05 \u25aa
\n 4
\n min read \u25aa by
\n Luc Jose A.<\/p>\n

Summarize this article with:<\/p>\n

ChatGPTPerplexityGrok<\/p>\n

The dollar, the cornerstone of the global financial system, once again finds itself at the heart of a geopolitical controversy. Donald Trump accuses the BRICS of wanting to undermine its supremacy. In response, the Kremlin firmly denies any intention of destabilization, stating that the alliance does not target any foreign currency. Behind this tense exchange, one question remains: are the BRICS quietly working to reshape the global monetary order, or is this an alarmist reading of the ambitions of this emerging bloc?<\/p>\n

\"A<\/p>\n

In brief<\/p>\n

Donald Trump accuses the BRICS of wanting to weaken the supremacy of the US dollar.
\n The Kremlin firmly rejects these accusations, stating that the BRICS do not target any currency.
\n Spokesperson Dmitry Peskov reminds that the bloc only aims for economic cooperation among its members.
\n Despite this denial, some members, like China, are leading initiatives to reduce their dependence on the dollar.<\/p>\n

A group for cooperation, not confrontation<\/p>\n

While BRICS Pay quietly advances to bypass the dollar and challenge SWIFT<\/a>, the Kremlin reacted firmly on October 15 to Donald Trump\u2019s accusations, who had called the BRICS a \u201cthreat to the dollar\u201d and mentioned the possibility of imposing economic sanctions on their members.<\/p>\n

The response from Dmitry Peskov, spokesperson for the Kremlin, was direct and unequivocal :<\/p>\n

Peskov stated<\/a> that the BRICS \u201chave never sought to attack other countries or their currencies\u201d, thus rejecting any desire to destabilize the global economy ;<\/p>\n

He emphasized that the BRICS are a unified group around values of cooperation and mutual prosperity, and not an alliance directed against the United States or their allies ;<\/p>\n

The Kremlin insisted that Russia and other BRICS members are by no means seeking to compete with the supremacy of the dollar, but to strengthen their internal economic relations.<\/p>\n

This statement aimed to ease tensions and redefine the intentions of the BRICS group in a context where relations with the United States remain tense. The Kremlin emphasizes the collective dimension of the group, which, according to it, is not motivated by monetary rivalries or large-scale geopolitical ambitions, but by a desire for regional and international economic cooperation.<\/p>\n

The BRICS and the rise of the Yuan<\/p>\n

Despite Russian denials, there are internal dynamics in the group that go beyond political statements. While Russia emphasizes unity and cooperation, China, as the economic leader of this bloc, pursues a strategy of monetary diversification.<\/p>\n

The Chinese government is actively working to promote the use of the yuan in international trade, notably through bilateral agreements and initiatives such as the \u201ccurrency swap agreements between central banks\u201d. This indicates a desire to reduce dependence on the dollar in certain regions of the world, without directly aiming for immediate substitution.<\/p>\n

This approach, although it does not directly challenge the dollar\u2019s dominance, reflects a growing interest of the BRICS, especially China, in the internationalization of the yuan. China\u2019s recent project to create a yuan free trade zone in Asia and Africa could be seen as a sign of a gradual evolution of the international financial system.<\/p>\n

However, obstacles remain numerous : the volatility of the yuan, the reluctance of some countries to adopt a currency controlled by China, and the clear resistance of the United States to losing their leadership position in global trade.<\/p>\n

Although the Kremlin strives to calm spirits by rejecting Trump\u2019s accusations, it is undeniable that the BRICS, notably China, are developing monetary strategies<\/a> that could in the long term alter the global financial architecture. Future developments will depend on these countries\u2019 ability to overcome economic and political challenges while maintaining their cooperation within the group. The stakes are colossal, and the dollar\u2019s dominance could eventually be questioned.<\/p>\n

Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.<\/p>\n

<\/p>\n

\t\t\t\t\t\"Luc<\/p>\n

\t\t\t\t\t\t\t\t\tLuc Jose A.<\/p>\n

Dipl\u00f4m\u00e9 de Sciences Po Toulouse et titulaire d’une certification consultant blockchain d\u00e9livr\u00e9e par Alyra, j’ai rejoint l’aventure Cointribune en 2019.
\nConvaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l’\u00e9conomie, j’ai pris l’engagement de sensibiliser et d’informer le grand public sur cet \u00e9cosyst\u00e8me en constante \u00e9volution. Mon objectif est de permettre \u00e0 chacun de mieux comprendre la blockchain et de saisir les opportunit\u00e9s qu’elle offre. Je m’efforce chaque jour de fournir une analyse objective de l’actualit\u00e9, de d\u00e9crypter les tendances du march\u00e9, de relayer les derni\u00e8res innovations technologiques et de mettre en perspective les enjeux \u00e9conomiques et soci\u00e9taux de cette r\u00e9volution en marche.<\/p>\n

DISCLAIMER<\/p>\n

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"9h05 \u25aa 4 min read \u25aa by Luc Jose A. Summarize this article with: ChatGPTPerplexityGrok The dollar, the…\n","protected":false},"author":2,"featured_media":83999,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-83998","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/83998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=83998"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/83998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/83999"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=83998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=83998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=83998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}