Monday 24 February 2020
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riotimesonline - 9 days ago

Dollar Down to R$4.30 After new Central Bank Intervention, Stock Exchange Recedes

RIO DE JANEIRO, BRAZIL - The value of the commercial dollar dropped 0.71 percent on Friday, February 14th, to R$4.3010, following another Central Bank intervention. In the morning, the institution sold US$1 billion in foreign exchange swap contracts. In practice, the operation increases the money supply, since the Central Bank offers contracts that compensate investors [ ] The post Dollar Down to R$4.30 After new Central Bank Intervention, Stock Exchange Recedes appeared first on The Rio Times.

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