Brazil calls emergency BRR1 billion debt sale

BRAZIL - Brazil's central bank called an emergency sale of short-term, dollar-linked debt early Thursday to try to prop up its sagging currency.

After announcing the sale, Brazil's real improved to BRR2.752 a dollar from BRR2.777. At 1205 GMT, the real had strengthened further to BRR2.743.

The BRR1 billion in nine-month NTN-D debt will mature in June. The sale is slated to end at about 1230 GMT and results are expected to be available shortly.

The monetary authority has been selling both dollars

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