BRICS Not Opposed To the US Dollar, Confirms Diplomat
Russian Ambassador to India Denis Alipov confirmed during the NDTV Defense Summit that the BRICS coalition harbors no hostility toward the US dollar, affirming it will remain a key trade currency.
During the NDTV Defense Summit, Russian Ambassador to India Denis Alipov affirmed that the BRICS coalition bears no hostility toward the US dollar. He emphasized that during the September summit in India, no member state adopted an anti-Western tone or advanced any anti-Western policy agenda.
Alipov also verified that the US dollar will stay established as a key currency for trade among BRICS nations. Clarifying the bloc’s position, the diplomat stated that the group functions like any international organization striving to serve its members’ needs—representing a total pivot from the coalition’s active push for de-dollarization that began in 2022.
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US Dollar is a Part of BRICS, Stresses Diplomat
Alipov pointed out that although utilizing local currencies for commerce is a main objective, zero BRICS members have objected to settling cross-border deals in US dollars. “It is an alternative to other global platforms and organizations, such as the G20, for example, and other international formats. And no one in BRICS has ever spoken in an anti-Western manner or promoted an anti-Western agenda,” he stated.
“The discussion about the use of the US dollar is very indicative in this regard. No one is opposed to the use of the US currency. We, the BRICS countries, favor having alternatives provided by the use of national currencies,” the diplomat underlined. Consequently, the alliance remains receptive to all payment methods and will not exclude any currency from trade, shielding the US dollar’s dominance from any potential threats.
This stance was clear at the 18th BRICS summit in September in India, where not a single member nation raised the topic of ending dependence on the US dollar. While conversations focused on boosting local currencies—a strategy that remains in place for five years—the supremacy of the US dollar stays secure, facing little to no risk of losing its position as the world’s reserve currency.
