The issue of decooperativeness and how far it can go will become increasingly relevant as major economies accept local currencies for international trade led by BRICS. Our global postponement tracker reveals that over 90 countries have abandoned the US dollar in yuan, rupee and rubles in place of the dollar and are implementing the rubles.
The following comprehensive tracker shows which countries are leading this transformation and which countries are leading the current implementation phase.
Read again: Deco-op: A complete list of countries that will drop the US dollar and key reasons
Global derailment tracker: BRICS shift and future impact
Stocks with a declining US dollar are now accelerating
When we look into the trends in BRICS derailment and how far it can go, the numbers tell an interesting story. The global USD share of Forex Reserve has declined from over 70% in 2000 to 57.8% in 2024, indicating no signs of slowing. Asia is leading the claim, and ASEAN is committed to using local currency in trade as part of its 2026-2030 Economic Community Strategic Plan.
Francesco Pesole, FX strategist at ING, was clear about the following facts:
“Trump’s volatile trade policy decisions and the sharp depreciation of the dollar are probably driving a faster shift to other currencies.”
Bank of America warns of a severe US dollar decline this summer, predicting that ASEAN’s withdrawal rate will increase pace through conversion of accumulated FX sediment since 2022.
BRICS Payment Systems transforms your transactions
When examining bilateral trade patterns between Russia and China, the issue of BRICS derailment and how far it can go will become clearer. USD usage has dropped dramatically from 90% in 2015 to about 10% by 2024, with both countries currently implementing a trade volume of $243 billion, mainly in Rubles and Yuan.
Russian President Vladimir Putin said this:
“The dollar is used as a weapon. I think this is really the case. I think this is a big mistake for anyone doing this.”
India has also established a special Rupee vostro account with 123 correspondent banks from 30 countries, allowing local currency trading settlements and supporting the momentum of global derailment trackers gaining traction around the world. While Asian countries lead the implementation, the African continent represents the fastest growing segment of the derailment movement, with many countries in various stages of adopting alternative monetary systems.
Political pressure shapes the progression of decommunity
At the time of writing, President Trump is threatening tariffs on 100-150% of BRICS countries pursuing derailment, creating great political pressure.
Brazilian President Lula da Silva said:
“BRICS+ is committed to ending control of the US dollar no matter what.”
Brazilian President Luis Inacio Lula da Silva initially supported the common currency, but later adjusted Brazilian approach after these threats. Beyond traditional currencies alternatives, many countries are developing central bank digital currency (CBDC) as a technical pathway to reduce dollar dependence and strengthen financial sovereignty.
Track real numbers in over 90 countries
Global extension trackers show that over 90 countries are actively using alternative currencies, with independent state federations achieving 85% of cross-border transactions in domestic currencies rather than dollars. This massive change has changed the way nations trade internationally.
Former MP Ron Paul predicted what was called the “Rio Reset” in July 2025.
“The BRICS Alliance is preparing to launch a “Rio Reset” in July this year. This is the challenge of dollar hegemony that I have predicted. ”
BRICS Pay Development will accelerate as the new development bank provides $100 billion in funding capabilities for infrastructure projects in local currency.
BRICS currency shift: future prospects and challenges
Diversity within BRICS also creates implementation hurdles, from anti-Western countries to neutral companies with different priorities. However, BRICS+ accounts for 46% of the world’s GDP and 55% of the world’s population, so BLOC has a significant economic weight that cannot be ignored.
Read again: BRICS meets in July and announces its most ambitious plans: Congressman
Global deco-trackers show that more countries are seeking financial sovereignty and reducing exposure to US economic policies.
Considering the decooperativeness of the BRICS and how far it can go, the evidence points to the financial system in transition, with local currencies gaining position against decades of dominance of the dollar. While full displacement remains unlikely in the short term, momentum suggests continuous advances into a more multipolar monetary system that could restructure global finance.
