Brazil launches 60bn dollars currency-intervention program to boost the sliding Real

Thursday, August 22nd 2013 - 23:24 UTC

Full article 3 comments

Brazil's central bank announced a currency-intervention program on Thursday that will provide 60 billion dollars worth of cash and insurance to the foreign-exchange market by year-end, a move aimed at bolstering the country's currency, the Real which has slipped to near five-year lows against the dollar. Read full article

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Brasileiro
Should let the market speculator act. Do not burn our reserves. Brazilian products became more competitive with strong dollar and our citizens may stop spend on unnecessary trips and products / trinkets imported.
Aug 23rd, 2013 - 02:36 pm - Link - Report abuse 0
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ChrisR
1 Brasileiro

It seems you have missed the point. Nobody wants a very weak Real as it creates further pressure on the economy and makes imports VERY expensive.

The action will help stop your fellow citizens panicking and buying dollars all at the same time!

Understand now?
Aug 24th, 2013 - 02:55 pm - Link - Report abuse 0
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yankeeboy
2. I guess this is Brazil winning the currency war? Fido is an idiot. I don't see how the posters who are consistently and constantly wrong keep coming back? I'd be embarrassed.
Aug 25th, 2013 - 05:39 pm - Link - Report abuse 0
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