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NotiSur PDF file 1989 right arrow Nov

Brazil: Currency Devaluation

ISSN:1060-4189
LADB Article ID: 071661
Category/Department: General
Date: Thursday, November 23, 1989
By: John Neagle

On Nov. 17, the Brazilian Central Bank devalued the new cruzado by 1.7%. Effective Nov. 20, the new official exchange rates are NCz$6.3310 per US$1 (purchase), and Ncz$6.3620 per US$1 (sale). Thus far in 1989, the currency has been devalued by 7...

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