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You will enter 'gringos' in dollars at 5.50 BRL and may leave in currency at R $ 3

You will enter ‘gringos’ in dollars at 5.50 BRL and may leave in currency at R $ 3

Economy Minister Paulo Guedes at a press conference (Photo: Isac Nóbrega / PR)

Economy Minister Paulo Guedes argued that Brazil is cheap for foreign investors and emphasized that the “gringos” who enter Brazil at this moment, with the dollar approaching 5.50 BRL, may leave with the R $ 3 currency in “two or three years”.

At an event at BTG Bank, Guedes said he is less involved Road shows With more investors than previous ministers, but he said the country “definitely” will move into the markets. “First, you have to work and then sell Brazil,” he added, referring to the reforms it intends to administer.

The minister went on to say that the account of the coronavirus pandemic cannot be left to future generations. “We will not throw debt from the epidemic to 100% of GDP,” he added.

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