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Brazil central bank to sell up to $2 bln on Friday
December 21, 2012 / 1:25 PM / 5 years ago

Brazil central bank to sell up to $2 bln on Friday

SAO PAULO, Dec 21 (Reuters) - Brazil’s central bank said on Friday it will sell up to $2 billion on the spot market with a repurchase agreement, a strategy designed to provide liquidity to the foreign exchange market.

The bank said in a statement it will conduct one auction later on Friday to sell U.S. dollars with a repurchase date set for February 1, 2013.

At 11:18 a.m. (1318 GMT) the real was trading 0.38 percent weaker at 2.0705 per U.S. dollar.

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