Video: BRICS Pushes Local Currency Transactions, Is the US Dollar Under Threat?

Jakarta, CNBC Indonesia – BRICS countries are currently pushing for the use of local currencies in transactions between member states, as one effort to reduce dependence on the US dollar. A number of schemes are being studied, ranging from direct transactions using each country’s own currency, connecting fast payment systems between members, to the use of central bank digital currencies (CBDCs).

This step has become increasingly interesting, as BRICS now has 11 member countries, including Indonesia, with an ever-growing share of world trade and economy.

So, how large is BRICS’ economic and trade power in reality? Can local currency transactions genuinely reduce the dominance of the US dollar?

Watch Aulia Wardhani’s full presentation in the following CNBC Indonesia Power Lunch programme (Monday, 14/09/2026).