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“Get Used to a Higher Exchange Rate for a While,” Says Brazil’s Economy Minister

RIO DE JANEIRO, BRAZIL - Economy Minister Paulo Guedes, said on Monday, November 25th, that he was not concerned about the dollar exceeding R$4.20 and that the level of the currency should remain unchanged: "It is good to get used to the higher exchange rate and lower interest rates for a while," he said, on a visit to Washington, where he attended the Brazil-US CEO Forum, with the presence of senior executives from companies operating in the two countries.

He said the dollar at a higher level is a reflection of a new economic policy, which has lower . . .

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