Some of the potential challenges and limitations to implementing a multicurrency mercantilism strategy, include:

Political considerations: 
The adoption of a multicurrency mercantilism strategy may also require close coordination and cooperation between countries, which can be complicated by political tensions or conflicting economic interests.

Complexity: 
Managing multiple currencies can be complex and time-consuming, requiring a deep understanding of each currency and its implications for trade.

Exchange rate fluctuations: 
Despite the potential benefits of reducing exchange rate risk, fluctuations in currency values can still occur, creating uncertainty for businesses and investors.

Increased costs: 
The use of multiple currencies can increase the costs of conducting international trade, as companies may need to manage multiple accounts and incur additional transaction fees.

Inadequate infrastructure: 
Some countries may lack the infrastructure needed to effectively support multiple currencies, which could limit their ability to participate in multicurrency mercantilism.
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