De-dollarization

De-dollarization, i.e. the decreased dependence on the US dollar as the global reserve currency, is an increasingly evident trend on the world economic stage. The BRICS (Brazil, Russia, India, China and South Africa) have emerged as key players in this process, challenging the dollar's hegemony and promoting a more multipolar monetary order.
Why are the BRICS so important in de-dollarization?
* Growing economic weight: The BRICS represent a significant portion of the world economy, with a combined GDP that challenges that of developed economies. Their economic clout gives them greater bargaining power on the international stage.