President of the Central Bank: Brazilian Currency Most Affected by Exchange Rate Depreciation,| Instant News

RIO DE JANEIRO, BRAZIL – Central Bank President Roberto Campos Neto, admitted on Monday, June 1, that Brazil was the country that “suffered the most” with exchange rate depreciation in a crisis caused by a novel coronavirus. “We have improved in the past week,” he added, during a virtual public hearing at Congress. After the crisis, Brazil has recorded a 33.66 percent increase in the dollar against the real in 2020.

Campos Neto also points out that market agents believe that in a crisis, “developed countries are better equipped to fight the crisis than they appear …

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