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As India hosts the BRICS Summit 2026, the debate over de-dollarisation and the future of the US Dollar is back in focus. In this episode of Kharcha Pani, we explain why Donald Trump is worried about BRICS, what Modi, Vladimir Putin and Xi Jinping are trying to achieve through local currency trade, UPI, CBDCs and alternative payment systems, and whether these moves can actually reduce dependence on the Dollar. We also explain how the US Dollar became the world’s dominant currency, the role of Bretton Woods and the petrodollar system, how India-Russia rupee trade works through Vostro accounts, and why replacing the Dollar remains extremely difficult. Can BRICS, India, Russia and China weaken the Dollar’s global dominance, or will the Dollar remain king? Watch this detailed explainer on BRICS, De-Dollarisation, Modi, Putin, Xi Jinping and the future of the US Dollar.
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Production: Shruti
Video Editor: Ved
