Foreign News
Did China Say It Will Replace US Dollar With BRICS Currency?
China says it will replace the US dollar with BRICS currency and Interbank Payment System CIPS.
The X post sensationalizes de-dollarization efforts by claiming China will replace the US dollar with a BRICS currency and CIPS system, but no official Chinese statements from November 2025 confirm this; searches of state media like Xinhua yield no such announcement, while fact-checks highlight stalled BRICS progress on a unified currency.
Accompanying images depict Xi Jinping waving before Chinese flags and scissors cutting US $100 bills, visually amplifying anti-dollar symbolism without substantive evidence.
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Replies reveal widespread skepticism, noting India’s reluctance, the claim’s repetition as “old news,” and economic barriers like potential trade halts, aligning with analyses that BRICS trade in local currencies is advancing but far from displacing the dollar’s 58% global reserve share per IMF data.
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