(MENAFN) Brazil's central bank took several measures to end the devaluation of the real against the US dollar, including two swap auctions, totaling USD2.08 billion, reported Xinhua News.
The government supported the appreciation of the US dollar, as Brazilian exports took advantage from a lower real, which made the country's products more competitive on the international market.
The move is the third in which the government had to intervene to stop the dollar's appreciation.
Lately, the US dollar has been growing, appreciating 2.3 percent in the last week and 4.94 percent last month, whereas in the January-November period it appreciated 14 percent against the real.
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