The aim of the article is to provide an analysis and assessment of the processes of dedollarisation in the BRICS countries and their impact on the evolution of the contemporary international financial architecture. The theoretical part of the study is based on the assumptions of hegemonic stability theory, which explains the mechanisms of currency dominance. The empirical section examines dedollarisation initiatives undertaken by the BRICS countries, including the increased use of local currencies in trade settlements, the diversification of foreign exchange reserves, the development of alternative payment systems, and initiatives related to central bank digital currencies. The article also assesses the potential consequences of dedollarisation for the stability and structure of the global financial system, including the possibility of a transition toward a more multipolar currency order. The analysis indicates that dedollarisation in the BRICS countries contributes to a gradual transformation of the global financial architecture without undermining the dominant role of the US dollar in the medium term.
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