Brazil central bank head unfazed by currency gains

Henrique Meirelles, head of the Banco Do Brasil, has said the recent rise in the reals value would not hurt trade and that it was only a short time ago that people were worried about a collapse in the exchange rate.

Source: Reuters

Brazil's Central Bank President Henrique Meirelles on Monday dismissed concerns that a recent climb in the country's currency would hurt exporters.

Meirelles said this was a good moment for the Brazilian economy, which just months ago was reeling from fears that the n