Currency Shift Necessary: Meirelles

Aug 29, 2013

A sharp drop in the Brazilian real has alarmed many observers, but Henrique Meirelles, chairman of the Brazilian unit of Lazard and former head of Brazil’s Central Bank, tells LatinFinance it simply reflects a normal process of rebalancing. The depreciation may be a challenge, it is nevertheless “necessary” and the process “simple,” he...

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