President Luiz Inacio Lula da Silva said on Monday that even with US President Donald Trump, “saying what he wants to talk about,” Brazil is safe because it has a $ 350 billion mattress in reserves.
In an event on free market investments in Cajamar (SP), Lula stated that the Brazilian economy will again surprise this year, citing government initiatives to stimulate the activity, such as the system for granting payroll loans to private workers.
According to Central Bank data, Brazil currently has an international reserve of US $ 339 billion, a mattress that can be used by the BC to combat dysfunctionalities in the exchange market.
On Monday, the dollar fired in Brazil and surpassed the $ 5.90, after the United States began to charge import tariffs and Trump threaten China with more fees.
