International reserves in Brazil rise
People considering buying property in Brazil could be interested to hear that international reserves in the country have reached $50 billion (£25 billion), it has been reported.
Signalling the Latin American nation is ripe for investment – indicating Brazilian property could see an even further boom – the Central Bank announced this week that the figure rose by more than $40 million from that registered last week, according to the ANBA.
In related news, the Central Bank also announced the Latin American nation’s international reserves have almost reached $200 billion after rising nearly one billion to $198.673 billion last week.
At the beginning of the year, the country’s international reserves stood at $181.378 billion.
Meanwhile, it emerged last month that Brazil has been assigned investment grade by another global credit-ratings firm.
Following in Standard and Poor’s footsteps, Fitch Ratings increased the Latin American country’s rating which suggests Brazilian property is good for investment.
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