Did India officially invite BRICS nations to trade in local currency instead of US dollar? Fact check
Claim: India officially invites BRICS countries to trade in local currency instead of the US dollar.
Conclusion: The claim is misleading and there has been no official statement by the Indian Government.
Rating: Misleading 
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A viral X post from August 19, 2025, by user ‘IndiaWarZone’ claimed: “BREAKING: India officially invites BRICS countries to trade in local currency instead of the US dollar.” Accompanied by an image of Prime Minister Narendra Modi, the post garnered significant engagement, including 393 likes and 15 replies
View the post below –
BREAKING:
India officially invites BRICS countries to trade in local currency instead of the US dollar. pic.twitter.com/X8uqeEDxYf
— IndiaWarZone (@IndiaWarZone) August 19, 2025
Another verified X account ‘World_Affairs11’ amplified this on X, posted on August 18 2025. This post gained more than a million views and around 43,000 likes. View the post here.
BREAKING:
India officially invites BRICS countries to trade in local currency instead of the US dollar. pic.twitter.com/q11FfIKUai
— World Affairs (@World_Affairs11) August 18, 2025
FACT CHECK
DigitEYE India decided to investigate this claim and discovered that it is misleading. There has been no official announcement from the Ministry of External Affairs (MEA) or Reserve Bank of India (RBI).
When we conducted a keyword search with phrases like “ BRICS countries to trade in local currency” and “India BRICS trade in local currency”, we found that India’s MEA has clarified it does not support de-dollarization or a single BRICS currency.
View the video clip of MEA Randhir Jaiswal stating this here.
On August 14, 2025, Even the Times of India reported that India officially reaffirmed this, focusing instead on local currency trade to de-risk, not undermine the USD.
View a snippet from that report below –
Upon searching further, we learned that BRICS has long discussed de-dollarization, with statements from summits like the 2024 Kazan Declaration encouraging local currency use in transactions. Check point 65 in this report by the MEA here.
However, India’s position emphasizes risk-mitigating trade mechanisms rather than outright replacement of the US dollar as seen in repeated official statements. Thus the claim is misleading.
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