On August 18 2025, an X user @world_Affair11 made a claim that India has formally invited BRICS member states (Brazil, Russia, India, China, and South Africa) to stop using the US dollar and switch to local currencies for trade. The post had an image of the Indian Prime Minister Narendra Modi and flags of founding BRICS nation with the caption, “BREAKING:India officially invites BRICS countries to trade in local currency instead of the US dollar.”
As of when this report was published, the claim had 1 million views, and about 51,000 replies, reposts, quotes, likes, and bookmarks. In the comment section, @BrilliantIdioT wrote “The USA doesn’t need India. India needs the USA” and @pranavmahajan said “Absolutely right step by Bharat. With Trump you have to be offensive, not defensive”
VERIFICATION
India has recently made moves to diversify trade currencies and reduce overdependence on the US dollar. The Reserve Bank of India, RBI, eased rules to encourage the use of the Indian rupee in trade settlements, making it easier for foreign partners to conduct transactions in rupees.
During a weekly media briefing, India’s Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal stated that India is not pushing BRICS or any other bloc to abandon the dollar. He made it clear that “de-dollarisation is not part of India’s financial agenda.”
This came after Brazilian President Luiz Inacio Lula da Silva proposed that BRICS countries consider a trade currency in light of increasing tensions with the USA regarding tariffs.
However, there are no reports or statements from the Indian Government or other BRICS member states to reject dollars and adopt only local currencies for its transactions.
CONCLUSION
The claim that India has officially invited BRICS countries to trade in local currencies instead of the US dollar is MISLEADING. India has not called on BRICS to abandon the dollar but only eased rules to promote rupee settlements in some trades.
