Foreign Exchange & Fixed Income

Reuters reveals Brazil asks mint to work overtime as currency shortage looms

Reuters reveals Brazil asks mint to work overtime as currency shortage looms

Reuters broke the news that Brazil is running short of hard currency needed to pay funds aimed at helping people impoverished by the coronavirus crisis, the latest blow to the country’s troubled stimulus program. Cash is vital in Brazil, where almost a third of the population is unbanked, lacking access to credit and debit cards.