Brazil's currency falls to its weakest level against the US dollar, 4.06 Reais

Wednesday, September 23rd 2015 - 07:05 UTC

Full article 6 comments

Brazil's currency fell to its weakest level ever as investors cast a wary eye on negotiations over spending bills that could further complicate the country's tenuous fiscal position. The currency, like others across Latin America, was also hammered by a global rise in the dollar sparked by increased expectations that the US Federal Reserve is still on track to raise interest rates this year. Read full article

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Brasileiro
We are proposing a bill that the US dollar is forbidden to devaluation. Every time it appreciate, this is the new floor.

That same bill Brazil will be prohibited from accepting dollar for fixed, productive or speculative investments. The Brazil is also forbidden to provide information to any rating agency. Also it is determined that the reference currency for international transactions will be the Yuan or any currency or value that will be decided by BRICSA countries.

https://www.youtube.com/watch?v=zufWtmxxrgE
Sep 23rd, 2015 - 10:38 am - Link - Report abuse 0
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ChrisR
The Brazil nuts are fucking up the entire continent economically. They need cracking over the head with a baseball bat to bring them to their senses.

How can you talk sensibly to the corrupt politician which pervade the whole of society when you have idiots like Brasso supporting them?
Sep 23rd, 2015 - 11:23 am - Link - Report abuse 0
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Briton
Brazil needs a diversion,
a distraction to convince the people all is well,

perhaps heading south to argyland could provide this distraction, hint hint.
Sep 23rd, 2015 - 07:06 pm - Link - Report abuse 0
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Captain Poppy
MAn.....brasshole has it the worst. An idiot and in Brazil.
Sep 23rd, 2015 - 08:33 pm - Link - Report abuse 0
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chronic
Socialist workers of the world unite!

lol

Can you say kleptocracy?

Keep you eyes on poor ole Bolivia.
Sep 24th, 2015 - 03:59 pm - Link - Report abuse 0
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Jack Bauer
@1 brASSHOLE
“We are proposing a bill that the US dollar is forbidden to devaluation. Every time it appreciate, this is the new floor.”

“you”, proposing a bill ? who'd have thought it possible ?
But just a minute.....Have you got the wrong end of the stick (no surprise) , or are you actually saying that you want the R$ to keep on devaluating ? well then, you must be happy - today it is worth a bit less..... USD 1,00 is already costing R$ 4,20....let's see tomorrow.
Como diria o molusco de 9 dedos, “nunca na hithtória dethte paíth...”
Sep 24th, 2015 - 05:32 pm - Link - Report abuse 0
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