RIO DE JANEIRO, BRAZIL - Brazil's Economy Minister Paulo Guedes argued that Brazil is cheap for foreign investors and said that "gringos" entering Brazil at the moment, with the dollar quoted near R$5.50, will be able to leave with the currency at R$3 in "two or three years".
At an event organized by BTG bank on Tuesday, May 25, Guedes said that he is attending fewer road shows with investors than past ministers, but said that the country will inevitably have to turn to the markets. "First you have to work to then sell Brazil," he added . . .
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