Central Bank’s Massive Dollar Sale Aims to Curb Brazil’s Debt

Brazil’s Central Bank sold $32.6 billion in December 2024, aiming to stabilize the real and reduce government debt. This massive intervention removed R$186.347 billion ($30.1 billion) from circulation, equaling 1.6% of Brazil’s GDP. The move came as the real had depreciated 27% against the dollar in 2024, worrying investors about Brazil’s fiscal health. The Central […]