Brazil central bank head unfazed by currency gains

- Central Banking staff
- 15 Apr 2003

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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

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