DOLLAR DOWN TO R$4.30 AFTER NEW CENTRAL BANK INTERVENTION, STOCK EXCHANGE RECEDES

RIO DE JANEIRO, BRAZIL - The value of the commercial Dollar dropped 0.71 percent on Friday, February 14th, to R$4.3010, following another Central Bank Intervention. In the morning, the institution sold US$1 billion in foreign exchange swap contracts. In practice, the operation increases the money supply, since the Central Bank offers contracts that compensate investors […] The post Dollar Down to R$4.30 After new Central Bank Intervention,...

TheRioTimes.com (Date:02/15/2020 08:56) Read full article >>

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Intervention:
Friday: Friday is the day between Thursday and Saturday. In countries adopting Monday-first conventions as recommended by the international standard ISO 8601, it is the fifth day of the week. It is the sixth day in countries that adopt a Sunday-first convention, as in the Abrahamic tradition. In other coun
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
Times: Multiplication is the mathematical operation of scaling one number by another. It is one of the four basic operations in elementary arithmetic .
Stock: The capital stock of an incorporated business constitutes the equity stake of its owners. It represents the residual assets of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt. Stockholders' equity cannot be withdrawn from the com
Dollar: The dollar is the name of the official currency or a banknote of many countries, territories and dependencies, including Australia, Belize, Brunei, Canada, Hong Kong, Namibia, New Zealand, Singapore, Taiwan, and the United States, and previously in Zimbabwe. The U.S. dollar is also the official cur
Central Bank: A central bank, reserve bank, or monetary authority is a public institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a
February: February is the second month of the year in the Julian and Gregorian calendars. It is the shortest month and the only month with fewer than 30 days. The month has 28 days in common years or 29 days in leap years.
Stock Exchange: A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of incom