1. The BRICS countries are currently unified in their efforts to create an alternative to the US dollar.
2. A unified BRICS currency is likely to be created soon.
3. The BRICS countries are more focused on alternative payment systems than a unified currency.
4. India is not interested in fully replacing the US dollar in global trade.
5. China's CIPS system is both a messaging and settlement system.
6. The dollar's liquidity is one of the reasons it remains dominant in global finance.
7. Sanctions imposed by the US have encouraged some countries to seek alternatives to the dollar.
8. The mBridge project involves cross-border digital currency initiatives.
9. India sees itself in the same geopolitical camp as Russia and China.
10. Central bank digital currencies allow banks to transfer money almost instantly.
11. The BRICS countries have made significant global progress in challenging the US dollar.
12. The US dollar has been a stabilizing force for the global economy.
13. Creating a network like SWIFT would be easy for the BRICS countries.
14. The Chinese yuan currently provides the same level of global liquidity as the US dollar.
15. India has a strategic partnership with the US that influences its economic decisions.
16. Countries are exploring alternatives to the dollar because of the stability it provides.
17. The mBridge project includes countries like Hong Kong, Thailand, and the UAE.
18. China’s CIPS system currently serves as many banks as SWIFT does.
19. The US dollar's role as a reserve currency has contributed to global economic stability.
20. The biggest hurdle to replacing the US dollar is the lack of a viable alternative with equal liquidity.