He added that Tanzania continues to benefit from its bilateral relationships with BRICS countries, leveraging economic opportunities and enhancing diplomatic engagement.

“Honourable Speaker, while Tanzania is not a BRICS member, any economic or financial impacts related to the bloc’s withdrawal from the dollarisation system will not directly affect our country,” Mr Chande reaffirmed.

In a follow-up question, MP Haji argued that since BRICS is a strategic economic alliance emerging in an era of global economic intelligence, Tanzanian financial experts should explore how the country might benefit from closer engagement with the bloc, rather than remaining a passive observer.

Acknowledging the suggestion, the deputy minister welcomed the MP’s input and promised to take it under consideration.

“Thank you for your advice. I assure you the ministry will look into how Tanzania might benefit more effectively from engagement with the BRICS alliance,” Mr Chande said.