Brazil’s reserves reach new record in October: 232.9 billion US dollars

Thursday, November 5th 2009 - 09:53 UTC

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Brazil's foreign reserves totaled 232.9 billion US dollars at the end of October, up from 224.2 billion at the end of September. In the first ten months of 2009, reserves were up 26.1 billion. Reserves ended last year at 206.8 billion. Read full article

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ed
....would be Commodity Manipulations !
Nov 06th, 2009 - 02:50 am - Link - Report abuse 0
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Nicholas
Do you have any prove? I bet you don't. Brazil is simply doing the right things what we, Americans, suppose to do, fiscal discipline and promote trade that create jobs, what long term investors and speculators simply love. Of course they also protect their industry, but that's their right.
All what that country needs is a Tax Reform (might happen next year) what will reform it's labor contracts. Both in the long run will transform it's nation into a more powerful and trading power. I'll bet with you for one silly dollar (I still hope it's going to be worth something) that it will happen anytime soon.
Nov 06th, 2009 - 03:15 am - Link - Report abuse 0
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