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“No risk of foreign exchange crisis in Brazil,” Temer says

The president noted that the country has $380 billion in reserves

Published in 07/06/2018 - 19:38

By Agência Brasil Brasília

In an interview on Nos Corredores do Poder, aired by TV Brasil today (Jun. 7), President Michel Temer said that the Brazilian government has all the conditions to face the current high price of the dollar in the country. “There is no risk of a foreign exchange crisis in Brazil,” he argued.

The country has reserves amounting to $380 billion and a debt significantly below this number, in addition to keeping fiscal adjustment under control and continuing to attract investments from companies overseas, the president went on to remark. He noted that Brazil is not the only country feeling the effects of a hike in the US currency and interest, naming countries like Mexico, Argentina, and Colombia as other cases in point.

 

O presidente Michel Temer concede entrevista à jornalista Roseann Kennedy, no Programa Nos Corredores do Poder
Michel Temer - Marcos Corrêa/PR
Translation: Fabrício Ferreira Edition: Carolina Pimentel / Augusto Queiroz

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