The BRICS bank is now dependent on Saudi Arabia to raise fresh funds in the U.S. dollar for its survival. The BRICS alliance is in talks with the oil-rich nation to receive funding and help it repay its debts. Also, the NDB is unable to carry through on its own and the idea of dethroning the U.S. dollar is met with challenges.

Nonetheless, Saudi Arabia is yet to conclude whether to fund the BRICS bank or not. Saudi has expressed interest to join the alliance and accept the soon-to-be-released currency for global trade. Moreover, this could force other nations to pay up with the new BRICS currency and not the U.S. dollar. The next summit will be held in August in South Africa where the formation of a currency will be decided.