All three nations among the United Nations member states are increasingly testing independent payment frameworks. This trend has been highlighted by a major news outlet after reviewing ongoing global discussions and official statements across many capitals.
A broad examination of 193 UN member states shows that representatives from 68 countries have either pressed for dedollarization or signaled a move toward using local currencies in settlement systems. The momentum is strongest within regional groups that already coordinate economic policy, such as ASEAN and BRICS, where conversations about currency sovereignty have gained real traction in recent years.
In particular, leaders within BRICS have spoken clearly about reducing dependence on the dollar. Brazilian President Luiz Inacio Lula da Silva has repeatedly proposed exploring an alternative settlement currency for BRICS trade, while South Africa’s Finance Minister Enoch Godongwana has supported the objective of lending and conducting transactions in national currencies. Analysts note that the push for monetary diversification is especially pronounced among policymakers in Africa and Latin America, reflecting a broader move toward monetary autonomy in developing regions.
Commentators emphasize that these shifts are not confined to a single bloc. Mehdi Safari, a former Deputy Minister of Foreign Affairs focusing on economic diplomacy, argued that blocs such as BRICS and the SCO should accelerate efforts to trade in national currencies and reduce dollar exposure. His viewpoint helps frame a growing belief that a multi currency framework could enhance stability and resilience within regional trade networks.
Earlier discussions by Russian foreign policy officials have indicated a widening interest in expanding BRICS participation, with more than thirty countries signaling a desire to align with BRICS or pursue related partnerships. This level of interest points to a potential reordering of economic alliances and payment infrastructures on the global stage.