Efforts by BRICS nations to reduce reliance on the U.S. dollar face significant challenges due to ongoing policy disagreements and the dollar's continued global dominance. Russian President Vladimir Putin and Indian Foreign Minister Subrahmanyam Jaishankar have acknowledged the lack of consensus on establishing a unified BRICS currency. Despite an increase in local currency trade, with Russia-India transactions reaching 96%, over 60% of global trade is still conducted in dollars. The proposed 'BRICS+ Unit,' intended to be backed by gold and member currencies, remains in the testing phase. Meanwhile, interest in alternative financial systems, including cryptocurrencies, is growing, although global policy changes in the crypto space are progressing slowly.