BRICS is turning up the pressure on the US dollar — and the latest IMF figures show the impact. IMF reserve data indicate the dollar’s share of global foreign exchange reserves has slipped from about 58.2% in 2024 to roughly 56.92% by early 2026 — a 1.28 percentage-point decline in two years. That long-term trend is stark: the dollar made up roughly 70% of reserves around 2000 and has steadily retreated since. A big driver: gold. Central banks accelerated purchases in 2025, adding more than 1,100 tonnes of gold — the largest annual increase in seven decades — and BRICS countries have been among the heaviest buyers. Members of the bloc are reportedly offloading dollar-denominated assets and boosting gold reserves as part of a broader diversification play. “In 2000, the dollar accounted for roughly 70% of global foreign exchange reserves, but by the third quarter of 2025, its share had fallen to 56.92%,” said Mamadou Kwidjim Toure, founder of Ubuntu Tribe. He adds that while de-dollarization won’t happen overnight, the trend is unmistakable. Beyond gold, BRICS nations are also increasing local-currency trade and reserves, trimming their dependence on the greenback. The consequences matter for markets — including crypto. A declining dollar share and rising gold demand feed narratives around currency diversification and alternative stores of value. Russia’s gold holdings, for example, have risen in value as its dollar reserves have fallen, illustrating how reallocations can reshape national balance sheets. For crypto traders and analysts, the takeaway is twofold: watch macro shifts in reserve composition and institutional asset flows (gold, local currencies, dollar assets), and consider how these shifts could influence demand for dollar-pegged instruments, stablecoins, and crypto-assets positioned as “digital gold.” De-dollarization is gradual, but it’s a trend that could reshape liquidity, pricing, and geopolitical risk premia over time. Read more AI-generated news on: undefined/news

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