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De-dollarization is actually accelerating right now as eleven countries have decided to abandon the United States dollar in 2025, and this is causing what analysts estimate to be a $1.5 trillion blow to the greenback. At the time of writing, the US Dollar Index has already dropped to a three-year low, trading below 100, which is happening because foreign investors are starting to reconsider their long-standing dollar dependencies.

LPL Financial’s Adam Turnquist stated: “A breakdown from the dollar’s consolidation range would not only be technically significant but could also stoke fear over the health of the U.S. economy.”

Also Read: Gold Prices Will Reach $4,000 Next: Bloomberg Strategist

Why Eleven Nations Are Abandoning The United States Dollar Now

BRICS Nations Lead The Dollar Exodus

The efforts toward de-dollarization are being led mostly by BRICS countries, and China’s central bank has also been busy establishing agreements with over 40 countries to use the yuan for international trade. Currently, the share of the yuan in the global currency market has risen from about 2% in 2019 to around 4.6% in 2024.

Russian President Vladimir Putin said: “The use of national currencies is widening in mutual payments. Their share in commercial operations among CIS participants has already been above 85%.”

Regional Blocs Form Alternative Payment Systems

The Commonwealth of Independent States, which includes about 12 nations, has already settled around 85% of their cross-border transactions in local currencies. In addition to this, ASEAN nations have recently launched a QR code system that is cutting payment costs by approximately 30% across member states.

Deutsche Bank analyst George Saravelos noted: “We suspect the US administration will have to adopt a more conciliatory stance in international relations to maintain stability in the bond market going forward.”

Also Read: Scope Issues Downgrade Alert as U.S. Dollar Sees Worst Drop in 50 Yrs

Trump’s Response To De-Dollarization

The Trump administration has essentially taken a rather confrontational approach to all these countries abandoning the United States dollar. However, some experts believe that this stance may actually accelerate de-dollarization further as more nations seek to establish their own financial independence.

President Donald Trump threatened: “Many countries are leaving the dollar. They not going to leave the dollar with me. I’ll say, you leave the dollar, you’re not doing business with the United States because we’re going to put 100% tariff on your goods.”

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