Brazil worried about firms with debt in US dollars

epaselect epa04931867 Brazilian President, Dilma Rousseff meets with members of the Brazilian Congress, at Planalto Palace, Brasilia, on 15 September 2015. Brazils government faces a federal budget deficit of 26 billion real (6.7 billion dollars), government officials said on 14 September, in the midst of the deepest economic crisis in the country in years. The situation has forced Brazilian President Dilma Rousseff to consider reforms to deal with inflation of nearly 10 per cent and a recession. The country has also been troubled by a massive corruption scandal in state oil company Petrobras, and inaction by Congress, which must approve a budget. EPA/Fernando Bizerra Jr.

NEW YORK: Brazil is “extremely concerned” about companies that have debt in dollars, President Dilma Rousseff (pic) told reporters in New York, after volatility in the country’s foreign exchange market last week reached the highest level in almost four years.

“Brazil today has sufficient reserves to avoid any problems in relation to disruptions because of the real,” Rousseff said.