The US dollar is currently experiencing a downward spiral. Last year, the US currency fell 11%, struck the global economy as it was severely rattled by Trump’s imposed stance on tariffs. As the horrors of a raging trade war are gaining momentum again, a new statement by Russian Foreign Minister Sergei Lavrov has added new fuel to the derailed drive. At its latest BRICS summit, Russia declared the US dollar “unreliable” and claimed that the rise in US debt is driving the dollar from the charts.
Russia indirectly calls the US dollar inappropriate and unpleasant: What’s going on?
At the latest BRICS summit in Brazil, Russia’s Sergei Lavrov dropped another statement, guiding fears of decommunization again, and reigniting it. In his latest opinion, Lavrov thinks he can’t trust the US dollar. Lavrov said widening US debt tensions is currently affecting American currency. He said the dollar’s role as a reliable payment system has been significantly undermined.
“The Covid-19 pandemic has exposed countless shortcomings in the world trade and financial system and accelerated its fragmentation. The erosion of the world order in the world economy is exacerbated, as a result of the use of dollars as a means of “punishment.” Previously, our trust in American currency as a reliable payment instrument was undermined,” he added.
🚨⚡🚨⚡ Belly
Sergei Lavrov:
The US dollar is no longer reliable, and the US government’s debts are out of control. pic.twitter.com/qgyk9dddqb
– Russianews🇷🇺 (@mog_russen) July 7, 2025
This sparked new and repeated debate as prominent countries are now beginning to openly talk about dollar erosion. China’s Pangong Shen has recently given a prominent speech and has been competing for a large currency narrative, which does not rely on singular currencies, including the US dollar.
US dollar limp autumn
In the meantime, the US dollar has consistently been paying attention to a sharp decline in its valuation. The US currency fell nearly 10.1% last year, significantly affected by Trump’s aggressive tariff policies and rising US debt tensions.
The US dollar is 10.1% less than the beginning of the year. pic.twitter.com/thebkw7frs
-Koyfin (@koyfincharts) June 26, 2025
At the same time, the incredible US debt metrics sparked the fear of decommunity.
“China is diversifying from the US dollar. China’s gold holdings have risen from 1.0% of its reserves to 6.5%. Since 2015, US Treasury holdings have been halved from 44% to 22%. Are we heading towards some reserve currencies supported by gold? Is a debt-based system close to its edge? ”
China is diversifying from the US dollar:
China Gold Holdings has risen from 1.0% of its reserves to 6.5% since 2015, but US Treasury holds have been halved from 44% to 22%.
Are we heading towards some reserve currencies supported by gold?
Is a debt-based system close to its edge? pic.twitter.com/ssq5acmf8k
– Global Market Investor (@globalmktobserv) June 25th, 2025
