Anti-climactic De-Dollarizing And Fx Multipolarity Economic Pathway by #BRICS Contingent

I don't think #BRICS (@bricsinstitute) fully grasped the basis of what makes paper money a demanded commodity.

If they were offering a BRICS currency, it would be an issue/commodity that reflects the trade blocs economic activity - many would bank such. But how many would bank a Brazilian coin with soya beans, petroleum and sugar their key offering on the global market space?

The urgency to reserve a Brazilian coin at my central bank (@BankOfTanzania for example) would be on the basis that BOT would have capacity to conduct business with Brazil soley for aforementioned Brazilian produce.

Economic policies of Che & co. from almost a century ago! They have not thought this through! 

Opportunity missed if you ask me - if not insulting, as retort this summit is centred around free grain for Africa among other non-significant policy pathways of economic weight, considering opportunities to be exploited in global economics of the times.

Big fail by the BRICS contingent in looking to de-dollarize global economic exploits. 

#ProgressiveLivingInDevelopingEconomies #PanAfrican #Socialist

context; https://twitter.com/Megatron_ron/status/1693985721915478090?t=myXv0aapT1liViJdgIvedg&s=19