Brazil currency takes a knock as President Lula de Silva extends fuel tax exemption - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Brazil currency takes a knock as President Lula de Silva extends fuel tax exemption.

Brazilian President Luiz Inacio Lula da Silva.

In speeches delivered at his inauguration in Brasilia on Sunday, Lula promised that tackling hunger and poverty would be “the hallmark” of his third presidency after two previous stints running the country from 2003 to 2010. Lula, who lifted millions of Brazilians from poverty during his first two terms, criticized Bolsonaro for allowing hunger to return to Brazil, and wept during his speech to supporters on Sunday as he described how poverty had increased again. Allies said Lula’s new-found social conscience was the result of his 580 days in prison, Reuters reported on Sunday.

 

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The currency was too strong already for a developing country. It will be good for their exports

New World Order sympathetic currency

Oeee oee oee o aa Lula Lulaaa

It is most probably because he canceled privatization of state entities

He is true reflection of politician, thanks our constitution is different from his ,imagine his friend contesting again .

Its actually those people who were manipulating the rand during the so called 9 wasted years, countries are only safe from manipulation if its leaders are the puppets of the manipulators.

Foreign currency got tendency to try and dictate other currencies.

🤡 He won’t be in his “Selected” position for long!

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