Brazil Devaluation
DJ
BRASILA —
The government announced that the cruzeiro will be devalued 9.12% against the dollar this month. Brazil’s central bank said the cruzeiro will be devalued by about 0.4% each business day, at pre-set rates through May 31.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
