Weaker Real Brings Mo’ Money To Brazil
Post on October 16, 2012, 2:00 pm by the-victoria-law-group 0 Comments
Following the world trend with depreciation of its currency, Brazil increases revenue with exports. The fall in the Brazilian real to a “more favorable” level this year has allowed manufacturers to boost exports even as global trade remains weak, Finance Minister Guido Mantega said. “Brazil today is much more competitive, and I perceive that there was already an increase in manufacturing exports because of the new exchange rate, even with the adverse situation of world trade,” Mantega told reporters in Tokyo, where he is attending the annual meeting of the International Monetary Fund. “It’s a good start.”
Read Matthew Brisow’s Bloomberg Buinessweek’s article here:
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