Guedes Says High Dollar Is Good: ‘Housemaids Were Going to Disneyland’

According to Guedes, the dollar at R$4 and interest at four percent is better than the dollar at R$1.80 with interest at 14 percent.

RIO DE JANEIRO, BRAZIL - Economy Minister Paulo Guedes said on Wednesday that a higher dollar is "good for everyone". He said that "everyone" was going to Disney, in the United States, including "housemaids", with the lower dollar. And he recommended that Brazilians should travel throughout Brazil.

"The exchange rate is not jittery, it has changed. There is no exchange business at R$1.80. Everybody going to Disneyland, housekeepers going to Disneyland, a huge party. Go to Foz do Iguaçu, go for a trip to the Northeast, it's filled with beautiful beaches. Go to Cachoeiro do Itapemirim, go . . .

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