CIPS

Product · CH · 2 documents

Key number

$55.5 billion USD

Cumulative mBridge Activity Volume. Zenodo (CERN European Organization for Nuclear Research) p.9

Key number

88%

US dollar share of global foreign exchange transactions. International Journal of Political Economy p.4

Strategic Analysis of Global Trade Settlement, Sanctions Enforcement, Alternative Sovereign Rails, and On-Chain Liquidity Infrastructure

ReportZenodo (CERN European Organization for Nuclear Research)November 202629 pages

Cross-Border Interbank Payment System (CIPS) daily usage was reported at about $60 billion compared to about $1,800 billion a day for CHIPS, with about 80 percent of CIPS payments still using Swift messaging.

The BRICS Initiatives for the Transformation of the International Monetary and Financial System

Research paperInternational Journal of Political EconomyNovember 202625 pages

BRICS member countries represent around 55% of the global population and approximately 40% of global GDP in purchasing power parity.