Brazilian Central Bank and Fed sign $ 60 billion deal

The Brazilian Central Bank (BC) and the Federal Reserve (Fed – central bank of the United States) will maintain, for at least six months, a liquidity swap agreement in US dollars. The amount is $ 60 billion and will expand the dollar supply in the domestic market. According to the BC, the money will be used to “increase the funds available for liquidity provision operations in dollars”.

Source: Jornal do Brasil