1994-07-12, English, Article, Journal or magazine article edition: New Brazil currency proves importer boon, exporter bane. Bruce, James

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Bookmark: https://trove.nla.gov.au/version/110641011
Physical Description
  • Magazine/​Journal article
Published
  • UBM Global Trade, Inc., 1994 July 12
Language
  • English

Edition details

Title
  • New Brazil currency proves importer boon, exporter bane.
Appears In
  • Journal of Commerce and Commercial, v400, no.n28265, 1994 July 12, p2A(1) (ISSN: 1088-7407)
Author
  • Bruce, James
Published
  • UBM Global Trade, Inc., 1994 July 12
Physical Description
  • Magazine/​Journal article
Subjects
Target Audience
  • Trade
Summary
  • The Brazilian real was announced to be equivalent to one US dollar upon its debut, but it moved up 8.5% against the US dollar in the first trading day and remained at that level for the rest of the week. This put exporters at a disadvantage, but has benefited importers, multinational subsidiaries and dollar credit card holders. In a surprise move, the government set the purchase price of the dollar lower than that of the real to regulate the flow of speculative dollars into Brazil.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 15592597

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