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By Nicholas Storey

In the last five years, the value of several ‘leading’ world currencies has fallen against the Brazilian Real; importantly for some, the British pound has nearly halved in value. Add to this inflation in Brazil leading to a doubling of prices in the same period (occasioned by high interest rates and little price control), and Brazil is no longer a very cheap country in which to live.

Indeed, it is probably the most expensive in South America and in a real sense, some prices here have actually quadrupled because of the combined effects of devaluation of the . . .

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