News Videos
International Edition


May 28, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

Brazil claims it's committed to weaker real in relation to dollar

BRASILIA -- Brazilian Finance Minister Guido Mantega said Thursday his government would continue to back a weaker real in relation to the dollar to boost the country's economic productivity.

"We will continue to work for a weaker real to boost the competitiveness of Brazilian firms," Mantega told a business event, with President Dilma Rousseff at his side.

He stressed that the national currency had been trading slightly above two to the dollar for the past four months, closing at 2.05 Thursday, up 0.23 percent compared to Wednesday.

"It's a situation which is firming at this level and this greatly boosts the competitiveness of Brazilian companies," Mantega said.

Brazil has been complaining of a "currency war" allegedly waged by countries such as the United States and China that have devalued their currency, thus boosting their exports.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search