RIO DE JANEIRO, BRAZIL - Brazil is prepared to face the volatility of financial markets caused by the conflict between Russia and Ukraine, said yesterday, February 24, National Treasury Secretary Paulo Valle. It is still early to think of extraordinary auctions of public debt to secure the market, he added.
By Thursday late afternoon, the stock market had dropped about 1.5%, after falling back more than 2% during the day. The commercial dollar was being sold at R$5.10, after having reached R$5.15 around 3 PM.
"It is important to remember the position Brazil is in. In . . .
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