Tag: Brazil reserves

• Saturday, January 23rd 2016 - 09:01 UTC

  Rousseff eyeing foreign reserves to boost economy and cash strapped government

  

  President Dilma Rousseff said on Friday that her cash-strapped government could consider tapping into Brazil's sizeable foreign reserves at a given moment, an idea that troubles investors already worried about the country's economic decline.

• Monday, November 2nd 2015 - 08:43 UTC

  Brazilian central bank opposes using the country's US$ 370bn reserves

  

  Brazil's central bank chief, Alexandre Tombini, told lawmakers he opposes using the country's $370 billion foreign reserves at this moment as they serve as an insurance policy for Latin America's largest economy.