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Brazilian Currency Suffers Strong Devaluation Due To Economic Crisis

In Rio de Janeiro, Brazil, on December 18, 2024, due to the financial crisis caused by uncontrolled government spending, the Brazilian currency suffers a strong devaluation. In 2024, it loses more than 20% of its value compared to the US dollar. At the close of the market this Wednesday, US$ 1.00 is quoted at R$ 6.27. (Photo by Luiz Souza/NurPhoto)

Photo Details

Photo ID	#11880087
Date Taken	18 December 2024
Location	N/A
Photographer	Luiz Souza/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2025 NurPhoto - Luiz Souza/NurPhoto

Related Keywords

Brazil dolar economy finance Rio de Janeiro Brazil December 18 2024 financial crisis government spending Brazilian currency devaluation 2024 20% value loss US dollar market close exchange rate US$ 1.00 R$ 6.27 Luiz Souza NurPhoto economic instability currency exchange financial markets Brazil economy currency depreciation inflation fiscal policy monetary policy economic downturn foreign exchange currency comparison economic impact financial news currency fluctuation economic crisis market analysis currency valuation.

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