In 2025, the Euro has gone up 12-13% in value against the USA dollar.
More and more are looking at another currency, like the Euro, as the USA dollar’s replacement:
Can the Euro Challenge the Dollar as the World’s Reserve Currency?
Some investors are turning to the euro as a hedge against US political and fiscal instability.
8 October 2025
The US Dollar Index lost 11% in 2025, and investors see continued declines ahead.
The dollar’s pullback offers a strategic opening for the euro, which remains the world’s second most-held reserve currency.
Eurobonds, digital euro, and global trade could be the key drivers that strengthen the global position of the euro.
For nearly eight decades, the US dollar has served as the backbone of global finance—backing oil trades, anchoring central-bank reserves, and providing a safe haven in times of crisis. As a growing number of nations are settling energy deals in other currencies and central banks from China to Brazil are reducing their dollar holdings, record US debt is testing investor confidence. Together, these shifts suggest that the greenback’s once-unquestioned dominance may be vulnerable. …
There are compelling reasons to believe the euro could play a larger international role, as the current global climate plays to the euro’s advantage, and as countries facing high tariff rates seek to diversify away from the dollar. …
If the European Union can maintain economic stability and advance long-discussed financial reforms, the euro could gradually expand its global footprint—though most economists caution that matching the dollar’s liquidity and political backing remains a long-term challenge rather than an imminent shift. …
Accelerating the development of the digital euro, which began in 2021, could be another way to increase demand for the euro. …
The EU isn’t waiting for these developments to play out. “The digital euro backed by the ECB would be free from insolvency risk, representing a competitive advantage over private stablecoins backed by the dollar,” says Wewel. Finally, the digital euro “would strengthen monetary and strategic autonomy and reduce dependence on non-European payment systems, such as US credit card companies or Big Tech wallets, while improving transaction transparency and supporting anti-money laundering efforts.” …
Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall Street Journal and the Financial Times.
Improvement in the euro’s international status doesn’t depend on the dollar losing its cachet as the world’s reserve currency.
President Donald Trump’s mission to radically restructure the world economy is catnip to dollar doomsters, but raises few doubts for staunch believers in the currency’s primacy in global finance. All conversations about threats to the greenback’s role as the world’s reserve currency tend toward either imagining a collapse of American financial dominance, or stubborn shouts of TINA — There Is No Alternative. Far more likely is a slow grinding evolution into a world where different countries and currencies hold spheres of influence, a shift from the recent unipolar era.
There are alternative monies in this world and the best of them is the euro. For Europe to enjoy some of the privileges that belonged to the US alone for decades, the euro doesn’t need to become the preeminent global currency. Nor must the dollar suffer a fall from grace as deep as sterling did over the first half of the 20th century as the British Empire unraveled. https://www.bloomberg.com/opinion/articles/2025-06-05/reserve-currencies-euro-elevation-doesn-t-depend-on-dollar-demise
Euronews reported the following:
Albania, Moldova, Montenegro and North Macedonia join EU’s SEPA scheme
16 October 2025
Albania, Montenegro, North Macedonia and Moldova have officially joined Europe’s financial transaction ecosystem SEPA, after 40 banks across the four EU membership hopefuls were accepted into the scheme, the European Commission revealed on Thursday.
By joining SEPA — short for the Single Euro Payments Area — the four countries and the EU will have access to quicker and cheaper financial transactions, potentially saving up to €500 million for individuals and businesses, the EU executive said.
The European Payments Council made this decision after the quartet entered SEPA’s geographical scope between November 2024 and March of this year, the Commission said in a statement.
In her speech at the EU-Western Balkans Investment Forum in Tirana on Monday, European Commission President Ursula von der Leyen praised Albania’s membership in SEPA as a concrete example of financial integration with the EU. …
European Commissioner for Enlargement Marta Kos said the four countries’ accession to SEPA was the culmination of “tangible results” of continued efforts to integrate candidate countries.
“Our work does not stop here. We will continue to strive for the full operationalisation of SEPA schemes for our candidate countries, bringing their citizens and businesses even closer to the EU,” Kos added. …
The EU officially granted Moldova candidate status on 22 June 2022 and Chișinău has since enshrined its people’s desire to join the bloc in its constitution.
The six countries that make up the Western Balkans submitted their EU membership requests at different times, with North Macedonia being the first, applying in 2004 and gaining candidate status in 2005.
Brussels granted Montenegro candidate status in 2010 and then Serbia in 2012. Albania became a full-fledged candidate for membership in 2014.
Bosnia and Herzegovina was granted EU candidate country status in 2022 but has not opened negotiations with Brussels, while Kosovo remains the only potential candidate for membership in the bloc.
Part of the reason for countries not in the European Union to be part of SEPA is so that most of them can become part of the EU. Another reason is to push aside the dominance of the USA dollar.
Notice something about SEPA from Wikipedia:
The aim of SEPA as stated in 2008 was to improve the efficiency of cross-border payments and turn the previously fragmented national markets for euro payments into a single domestic one. …
SEPA does not cover payments in currencies other than the euro. (Single Euro Payments Area. Wikipedia, accessed 10/17/25)
ChatGPT listed the following related to an inquiry related to SEPA today:
SEPA Member Countries
🇪🇺 EU Countries (All 27)
These are obligated to participate in SEPA:
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
💡 Note: Not all EU countries use the euro, but they must support SEPA payments in euros.
Non-EU SEPA Participants (9)
These countries voluntarily participate in SEPA, even though they are not in the EU:
Andorra
Iceland
Liechtenstein
Monaco
Norway
San Marino
Switzerland
United Kingdom(still in SEPA despite Brexit)
Serbia(joined in May 2025)
Chat GPT did not include the four addition countries, which brings the total to 40. And, if one includes Vatican City, which basically uses the euro, then the total is 41 nations.
They represent 550 million people.
Consider something that the WCG published last century:
Momentous, historic events are transforming … Europe. But most Americans are “asleep at the switch” to what is happening. It’s time for a self-centered America to wake up – before her allies become her enemies. Envision the startling future of … Europe. A … union … surpassing both the United States and the Soviet Union in economic strength, possessing for the first time worldwide political power and influence. One news source recently called it an “enormous, physically powerful beast.” A new … Europe controlling perhaps half of all world trade, by exclusive arrangements with dozens of nations who produce raw materials. A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U. S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, May 1971)
As it turns out, Europe does have its own currency–a currency that some see as the logical replacement for the US dollar for world trade–especially because of US sanctions, etc. As far as waking up before Europe becomes an enemy, Lamentations 1:1-2 is a prophecy that shows that allies will become enemies.
Most of the SEPA nations, if not all of them, used to primarily use the USA dollar for cross-border trade. Now, at least among themselves, the euro is increasing in use.
The euro could become a viable alternative to the US dollar as the global standard currency for international trade, according to European Central Bank President Christine Lagarde.
In a speech in Berlin, Germany, Lagarde said on Monday that the erratic economic policy of the United States has spooked global investors into limiting their exposure to the dollar in recent months.
“The ongoing changes create the opening for a ‘global euro moment’,” she said. …
Thanks to the recent weakness of the US dollar the euro could “play a greater international role” as it gains importance in the global financial system. This view is being advanced by Christine Lagarde, President of the European Central Bank (ECB). As Lagarde stated last week, the US dollar’s share of global currency reserves has fallen to 58 per cent, the lowest since 1994. In the current weakness of the dollar she sees as an opportunity for the euro. Bewildered by Donald Trump’s economic policies, both private investors and governments may be motivated to keep their reserves in euros. However, the Eurozone would still need, said Lagarde, a “solid and credible geopolitical foundation” for this enhanced role – a foundation cemented with strong military capabilities. She went on to say that the European Union would finally have to create the long-promised single capital market and gain greater effectiveness by widening the scope of majority decision-making. Parallel to Lagarde’s ambitious plans for Europe’s economy, EU Commission President Ursula von der Leyen is advocating “European independence” from the United States as the next “major European project”. This, again, would mean “a leading role in the global economy of tomorrow”. 06/02/25 https://www.german-foreign-policy.com/en/news/detail/9995?
Poul M. Thomsen, Director, European Department International Monetary Fund declared:
International Role of the Euro
Brussels, September 19, 2019
I have been asked to talk about what can be done to strengthen the euro’s role as a reserve currency. … many European policymakers have been calling for strengthening the international role of the euro, … The desire to boost the international role of the euro is motivated by a number of factors. One is the sense among European policymakers—rightly or wrongly—that the US benefits from an “exorbitant privilege,” and that an increased role for the euro could reduce what is perceived by some as European vulnerabilities stemming from the dominance of the dollar. …
First, the currency should have a large transaction area. This is important for providing a sufficient underlying demand for its use, both in trade and in finance. The British Empire provided such a basis for the use of sterling up to WWII, and the US has been the world’s largest economy since the late 19th century.
The euro area clearly qualifies here. At current exchange rates, the eurozone accounted for 16 percent of global GDP in 2018, making it the second largest single currency zone in the world in terms of output.
The second feature is good institutions. This includes things like a stable monetary policy and respect for the rule of law. Users of an international reserve currency need to be confident that they will not be arbitrarily expropriated, whether through violent swings in inflation and the exchange rate or through outright seizure of assets. Having a stable monetary policy also helps to generate lower interest rates, which makes it attractive to foreigners to borrow in the currency.
On institutions, the euro area and its member states measure up pretty well. According to the World Governance Indicators, euro area countries rank in the top 20 percent of all countries on the rule of law, with just a few exceptions. …
Obviously, there is no strong central state for the euro area as whole. It is an economic and monetary union, but it isnot a political union. I want to emphasize this, because this is of course the defining feature of the euro area—the feature that makes this area fundamentally different from other major currency areas, which all are political unions with a strong center. This, I will argue—the fact that it is not a political union—is clearly the limiting feature when it comes to the ability of the euro to seriously challenge the dollar. …
In many ways, Donald Trump has made Europe, and its currency, more attractive on the world scene.
Tariffs and sanctions and the threat of more tariffs and sanctions are causing more nations to turn away from the USA and look more towards each other.
BRICS has expanded to 20 countries – 10 members and 10 partners – after adding Vietnam. BRICS+ now makes up 44% of world GDP (PPP) and 56% of the global population. …
The BRICS 20 have a combined population of 4.45 billion, out of a global population of 8.01 billion in 2025, based on IMF data.
Adding the 550 million in SEPA, that means 5 billion people or 62.4% of the world’s population. The former (again current) President of Brazil, Luiz Inácio Lula da Silva, even claimed that eliminating the U.S. dollar’s reserve currency status was one of the reasons that the BRICS alliance (Brazil, Russia, India, China, and South Africa) was formed in the first place! The BRICS+ alliance that has long wanted to stop using the US dollar for cross-border trade.
Furthermore, well before BRICS formed, the Europeans have long planned and wanted the euro to push the US dollar’s reserve currency status aside.
The BRICS nations (Brazil, Russia, India, China, and South Africa) have as one of their founding goals, to eliminate the need to use USA dollars in cross-border trade. Six additional nations have been invited to join BRICS in 2024, and India reports that six more are also being looked at. The BRICS nations have already begun to drop the USA dollar for some cross-border trading with Russia and China indicating that they had almost done so completely in late 2023. What will happen to the economy and value of the USA dollar if more and more nations stop using it as a primary reserve and trading currency? What about hyperinflation? Does the Bible prophesy destruction for a highly indented nation in the end time? Is the USA the most indebted nation of all time? What about the intent and use of the Euro? Will Europe and Asia cooperate to eliminate the USA and its British-descended allies?
Now, Donald Trump did threaten the BRICS alliance to not come up with a unified currency to bypass the US dollar.
Related to some of that, last Fall I wrote:
Neither a possible Trump-Vance or Harris-Walz Administration has proposed anything that would truly stop de-dollarization. Actually threats against nations involved, by Donald Trump … will tend to increase the speed of de-dollarization. (Thiel B. MW: Can America Survive Global De-Dollarization? COGwriter: No! COGwriter, October 4, 2024)
Well, that is happening. There will be many unintended consequences of Donald Trump’s statements and policies.
Consider the following curse from the Book of Leviticus:
19 I will break the pride of your power; (Leviticus 26:19)
While the above undoubtedly has military & economic possibilities, consider that the US dollar is the pride of the USA’s power.
It is backed by nothing.
So, it is a prideful thing–plus it does project US power around the world.
Debt, trade, weather, morality, leadership, sanctions, and other issues have given various nations motivations to work to dethrone the US dollar as the world’s primary trade and reserve currency.
The economy of the USA has been financed, to a signficant degree, by foreigners willing to provide goods to the USA on credit as well as the USA profiting from much of the rest of the world’s international trade that is dollar-based.
When the US dollar ceases to be the world’s primary reserve currency, this will foster massive inflation.
Having the world’s premier reserve currencyessentially brings benefits to the USA that have included making money on international trades that the USA otherwise would not be involved in, less inflation, a subsized economy, lower borrowing cost, a more attractive investment market, and getting many goods from foreign lands at less cost than otherwise.
This status for the USA will not continue.
What happens to the US economy if the Dollar is no longer the reserve currency of the world?
If US T-bills lose their attraction as reserve investments … it would get harder for the Treasury to sell more of them, requiring higher interest rates to be paid and potentially forcing austerity measures on the US government or triggering classic deficit spending inflation (“printing money” to pay for government, this doesn’t happen now because the deficit is financed through sales of those bonds at extremely low interest rates).
If foreign central banks and governments start exchanging their US dollars for some other currency or currencies, then the value of the dollar in international trade drops, it becomes more expensive to buy imported goods in the US and more profitable to sell exported goods from the US. This could have all kinds of political and social effects, especially if the shift was rapid, severe, and unexpected. https://www.quora.com/What-happens-to-the-US-economy-if-the-Dollar-is-no-longer-the-reserve-currency-of-the-world
The above is warning about inflation, higher interest rates, and troubles borrowing. The USA is the most highly indebted nation of all time. The USA has been essentially on a borrowing binge the last four decades and its economy is now dependent upon borrowing. The Bible paints an even worse scenario that in the time of the end (Habakkuk 2:2-3) the highly indebted will be taken over (Habakkuk 2:2:6-8) and destroyed (Daniel 11:39; USA in Prophecy: The Strongest Fortresses).
The time will come when the US dollar is dethroned and this will inflict great pain, though not the “greatest pain” that the North Koreans want, on the USA. But shortly after the US dollar becomes close to worthless, the great tribulation (Matthew 24:21) will come and the USA will be no more (watch Do these 7 prophesies point to the end of the USA?).
The Europeans, BRICS’s nations, Iran, Venezuela, North Korea, and others want to dethrone the USA dollar. …
The USA has been gambling with its currency for many years through its policies and using it as a weapon.
Its leaders basically think that they can continue to get away with it.
But one day they will not (cf. Habakkuk 2:6-8).
The BRICS alliance nations want to ditch the US dollar. They are looking at using more of their national currencies, gold, and combinations thereof to do so.
What about Europe?
Well, Europe has NOT produced as many trillions of Euros of debt, at least not yet, that the USA has. Plus, several of the nations there have been accumulating and/or repatriating gold.
Understand that the Bible shows that the time will come when Europe will prosper mightily and be involved with gold (cf. Revelation 18).
Now, consider a story, I have reported here before:
There once was a movie that had two men camping outdoors. Suddenly, one man yells, “Run, a bear!” The other man yells back, “You can’t outrun a bear.” The first man responded with, “True, but all I have to do is to outrun you.”
The implication is that the first man only needed to be better runner than the second man, which presumably the bear would consider to be weaker, and then catch and destroy. This would, supposedly, allow the first man to survive.
From an economic perspective, the story basically is that the debt and economic situation in Europe does not need to be perfect, only perceived to better (or at least similar) than that of the USA to someday surpass it.
Dethroning the US dollar will cause massive economic problems for the USA. Much more than almost anyone believes. The standard of living in the USA has been raised/subsidized for years because of the status of the US dollar. That status is weakening. This will ultimately severely hurt the USA.
The EU is increasing its financial footprint.
It wants all the Balkan states to be part of it–and moves such as more of them in SEPA are setting that stage.
Now, it still will take time for the US dollar to be fully dethroned. Gold and the Europeans will be involved. Many seem to forget that one of the purposes of the euro was to reduce the need to trade in US dollars in Europe. That has resulted in relatively little cross-border trade in US dollars across Europe.
Do not think that Europe will not one day support the complete toppling of the US dollar as well as the US itself (cf. Daniel 11:39).
To summarize:
The Euro is up 12-13% this year compared to the USA dollar, hence more are seeing it as a better alternative.
US debt policies are weakening the value of the USA dollar.
Trump Administration sanction, tariff, and trade policies are turning nations away from the USA dollar.
The BRICS group was partially formed to bypass the USA dollar.
With 41 nations in SEPA, the tide is turning towards the Euro.
The rise of Europe as the end time Babylonian trade power is prophesied in the Bible.
This will not and well for the USA or its dollar.
After the US dollar is gone, the Bible shows that Europe will dominate international trade and finance, and this will involve gold (cf. Daniel 11:37-43; Revelation 18). It will also make deals with the BRICS+ nations–some of which European leaders are already trying to make.
UPDATE 10/26/25: We just uploaded the following related video:
In October 2025, the European Payments Council of the European Union announced that four more nations were entering into Single Euro Payments Area, also known as SEPA. This brings the total to 41 nations, representing 550 million people that are in SEPA. SEPA does not cover payments in currencies other than the euro, hence this is a euro promoting group. In 2025, the euro has gained 12-13% vs. the US dollar which has declined. Factors such as US financial policies, tariffs, debt, Donald Trump, and threats have been cited as factors. While the euro can drop in value, many are wondering if the euro will replace the US dollar as the world’s reserve currency? Bloomberg has asserted, “There Is an Alternative to the Dollar — It’s the Euro.” IN addition to SEPA, nations in the BRICS+ alliance are also pushing to reduce, and eliminate, the use of the US dollar in cross-border trade–BRICS+ represents 4.45 billion people–between BRICS+ and SEPA, that is about a total of 5 billion people or 62.4% of the world’s population, that are in organizations that are working to reduce use of the US dollar. Plus there are other nations such as Iran, Venezuela, and North Korea, who want to do that as well. Back in 1971, the old ‘Plain Truth’ magazine warned, “A ‘United States of Europe’ possessing one single currency – a currency so strong that it will replace the U. S. dollar as the kingpin currency of world trade.” Europe did come up with its own currency and we are seeing it increasingly used for cross-border trade. The massively negative impact on the US economy for its dollar to be dethroned as the world’s primary reserve and trading currency would be real. Does this align with biblical prophecies? Dr. Thiel, himself, warned in December 2024, that in 2025, “US Dollar Dominance will Decrease,” and it has. In this video, Steve Dupuie and Dr. Thiel discuss these matters as well possibly when the US dollar may be dethroned and that a European currency, with some type of at least implied gold backing, may replace it.
