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NotiSur PDF file 1989 right arrow Jul

Brazil: 12% Devaluation; Return To Single Exchange Rate; New Treasury Bond Issued

ISSN:1060-4189
LADB Article ID: 072515
Category/Department: General
Date: Tuesday, July 4, 1989
By: John Neagle

On July 1, Finance Minister Mailson da Nobrega said the new cruzado would be devalued by 12%, exchange transactions would be centralized, and a Treasury bond linked to exchange rates would be created toward conserving foreign reserves. Current r...

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