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Brazil to use foreign exchange reserves to help exporters

com.cn » 2008 » October » 7th » Brazil to use foreign exchange reserves to help exporters

Brazil has decided to use part of its foreign exchange reserves to help its exporters amid the global financial crisis, Finance Minister Guido Mantega said on Monday. The state-owned Brazilian Development Bank will also open a new credit loan of 2.5 billion U.S. dollars to aid Brazil's exporting businesses, Mantega said. The details of the government's bailout policy would be made public on … Continue Reading »

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