Bloomberg News

Brazil Rules Out Dollar Purchase With Wealth Fund, Augustin Says

February 28, 2012

Brazil’s government doesn’t plan at the moment to use the country’s sovereign wealth fund to purchase dollars, Treasury Secretary Arno Agustin said today.

While the fund can be used to intervene in the currency market, “we haven’t carried out that possibility yet,” Augustin told reporters in Brasilia today. “We continue with a currency policy that is concentrated at the central bank.”

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.


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