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Brazil central bank to sell up to $2 bln on Dec. 26
December 21, 2012 / 7:36 PM / 5 years ago

Brazil central bank to sell up to $2 bln on Dec. 26

SAO PAULO, Dec 21 (Reuters) - Brazil’s central bank said on Friday it will sell up to $2 billion on the spot market on Dec. 26 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 to sell U.S. dollars with a repurchase date set for March 1, 2013.

Brazil’s currency, the real, had already closed 0.5 percent weaker at 2.073 per U.S. dollar on the spot market.

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