Fall of Brazilian Real is ‘no reason to panic’

Fall of Brazilian currency, the Real, is 'no reason to panic'
Image: Rafastock/Shutterstock

As the Brazilian currency, the Real, reached its all-time lowest nominal value against the U.S Dollar this week, the government has been battered with criticism. Often held up by the liberal right as a sign of inept governance, the weakened Real has come back to bite many pundits on the rear end. But while the currency devaluation has an impact on inflation and investments, the slide of the BRL may not be nearly as bad as it seems.

So far in 2019, the Brazilian currency is 15 percent down against the U.S Dollar, making it the second-worst performing coin...

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