The BRICS economic alliance is on the verge of implementing a historic trade agreement that will settle over $70 billion in trade in local currencies, a move that signals a significant departure from the US dollar. This development is a crucial part of the bloc's de-dollarization efforts, which aim to reduce reliance on the US dollar in international trade. The agreement will have far-reaching implications for the global financial landscape, as nine member countries and six additional nations will be impacted. This move demonstrates the growing influence of the BRICS collective in shaping the future of global finance.

The BRICS alliance has been actively working to reduce Western dominance in global finance, and the expansion of the bloc in 2023 has amplified its de-dollarization efforts. Kazakhstan, one of the countries that signed the trade agreement, saw its trade with the BRICS collective surge by 55% in 2023. The new agreement will ensure that all settlements are conducted in local currencies, abandoning the US dollar. This move is not unique to Kazakhstan, as numerous countries have expressed interest in joining the bloc, with up to 30 nations expected to receive invitations this year.

The upcoming summit is expected to witness more countries joining the alliance, further solidifying its position in global finance. This development is a clear indication of the shifting landscape of global finance, as countries seek to establish a more diverse and inclusive financial system. The BRICS trade agreement marks a significant milestone in the global financial landscape, signaling a shift towards a more multipolar world. As the alliance continues to grow and expand, its impact on the US dollar and global finance will be profound, shaping the future of international trade and investment.

The de-dollarization efforts of the BRICS alliance are a testament to the growing desire for a more inclusive financial system. The bloc's move to settle trade in local currencies will reduce reliance on the US dollar and promote economic cooperation among member nations. This development is expected to have far-reaching implications for global finance, as more countries seek to establish alternative financial systems.

In conclusion, the BRICS trade agreement is a significant development in the global financial landscape, marking a shift towards a more multipolar world. The alliance's de-dollarization efforts are a testament to the growing desire for a more inclusive financial system, and its impact on global finance will be profound. As the bloc continues to grow and expand, it is likely to shape the future of international trade and investment, promoting economic cooperation and reducing reliance on the US dollar.