CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In a recent press interaction, President Donald Trump accused the BRICS alliance (Brazil, Russia, India, China, South Africa, and expanding partners) of mounting “an attack on the dollar”, signaling that his administration sees the bloc’s moves toward alternative financial systems as a direct threat to U.S. monetary power. TASS
“It’s an attack on the dollar, and we’re not going to let anybody attack the dollar,” Trump stated. TASS
Trump has repeatedly warned BRICS countries against efforts to undermine the dollar’s status as the world’s reserve currency, suggesting retaliatory tariffs on nations that attempt to promote alternative currencies or reduce reliance on U.S. dollar settlements. Fortune+2Facebook+2
Context & Implications
-
BRICS and de-dollarization: The BRICS bloc has shown growing interest in creating trade systems less dependent on the U.S. dollar, including cross-border payment mechanisms and local currency settlement proposals. Wikipedia+2Wikipedia+2
-
Trump’s stance: Trump has threatened tariffs of up to 100% on countries that actively back or develop currencies to replace the dollar. Fortune+1
-
U.S. monetary strength: By framing BRICS as adversarial to the dollar, the administration is reinforcing a narrative that U.S. economic security depends on preserving dollar hegemony — a message likely to resonate with financial and geopolitical audiences.
🇧🇩 What It Means for Bangladesh / Emerging Markets
-
Currency dynamics: Countries like Bangladesh, which rely on dollar trade and reserves, will closely watch global shifts in reserve currency structures.
-
Trade alignments: If BRICS nations push more trade settlement in local currencies, it could shift trade flows and currency exposure risks for smaller economies.
-
Crypto & reserves: In a world increasingly exploring alternatives to reserve currencies, assets like Bitcoin are oftentimes cited as speculative bridges or alternatives — though still far from mainstream sovereign reserve status.
