The Central Bank said Friday that it was intended to prevent change "distorted", but the target values set for the national currency, the real, which is against the I soaring dollars.
"The Central Bank has not changed ... the goal we have is the policy of the [foreign] to improve the accumulation of reserves in the country, the resistance to the crisis," the leaders of the institution, Henrique Meirelles, said in Sao Paulo.
Real gained 26 percent against the U.S. dollar so far this year, recovered almost all the ground lost during the global financial crisis hit in September last.
Although the U.S. dollar initially strengthened during the crisis because of his status as a safe haven, which has significantly weakened as investors seek high risk in emerging markets like Brazil, which promise better returns.
On Friday, the real was trading 1.85 to the dollar.
The central bank of Brazil was taking advantage of the relative weakness of dollars in the last three months to strengthen its currency reserves already heavy.
Your purchases from the U.S. unit saw the reserves swell to record $ 212 million last month, making Brazil to export more expensive in dollars.
This became a concern for many exporters, already raised this issue in a meeting Wednesday with the Brazilian Minister Mantega Guide, news agency said the state agency.
While many sectors in Brazil, show a return to growth is food out of the recession the country for a short period, manufacturing companies continue to have problems, "said Armando Monteiro grandchildren, leaders of the National Confederation of Industry.
Brazil may lose market share as a result and see its economy - already heavily dependent on exports, as the groove of orange, soybean, iron and coffee - has become dependent on commodities, he says.
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