Brazil to issue dollar-denominated debt this year-Treasury sec

BRASILIA Thu Nov 29, 2012 12:28pm EST

BRASILIA Nov 29 (Reuters) - Brazil plans to issue international debt denominated in U.S. dollars this year, Treasury Secretary Arno Augustin said in a press conference on Thursday.

Augustin added that the current exchange rate of Brazil's currency, the real, is "closer to what we believe is best for the economy."

At 3:26 p.m. (1726 GMT), the real was trading 0.35 percent weaker at 2.0968 per U.S. dollar.

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