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‘Currency War’ Threat to Brazil’s Real

By Doug Gray, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - As its economy goes from strength to strength and the dollar continues to weaken, this week Brazil’s government announced record imports of US$17 billion for the month of September, whilst Finance Minister Guido Mantega warned of a heightening currency war as a result of foreign money pouring into the country.

Exports for the same month were also up, however, to almost US$19 billion. “Whilst we sell raw materials abroad, we buy manufactured goods from the same markets,” explained Welber Barral from the Foreign Business Development Ministry.

Exports . . .

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