btn_subscribe-top
btn_give-a-gift
btn_login
btn_signup
btn_rss

Blog

Brazil Pressures China to Appreciate Currency

April 23, 2010

by AQ Online

Brazil may be at odds with Washington when it comes to sanctions against Iran, but Brazil and the U.S. are in agreement when it comes to China's currency.

Henrique Meirelles, head of the Brazilian central bank, said this week that a stronger Chinese yuan was “absolutely critical for the equilibrium of the world economy” while addressing the Brazilian Senate's economic affairs committee. His remarks came ahead of his trip to Washington DC for today’s G-20 finance meeting.

Comment on this post

His comments coincide with statements from India’s central bank condemning the undervaluation of China's currency. “If some countries manage their exchange rate and keep them artificially low, the burden of adjustment falls on some countries that do not manage their exchange rate so actively,” said governor of the Reserve Bank of India Duvvuri Subbarao.

The United States had put strong diplomatic pressure on China to strengthen its currency in the run-up to the release of the U.S. Treasury Department’s now-delayed April 15 report on international exchange rate policies.

Tags: Brazil, India, China, Currency, Exchange Rates

To speak with an expert on this topic, please contact the communications office at: communications@as-coa.org or (212) 277-8384.
blog comments powered by Disqus

 
 

Americas Quarterly's Cuba Coverage

Check in with AQ for updates on U.S.-Cuba normalization.

 

Connect with AQ


Twitter YouTube Itunes App Store

 

Most Popular

MOST POPULAR ON AQ ONLINE

  • Most Viewed
  • Past:
  • 1 day
  • 1 week
  • 1 month
  • 1 year

AQ and Efecto Naím: NTN24 Partnership

June 1: This AQ-Efecto Naím segment looks at sustainable cities in the hemisphere.

 

AQ BLOGGERS REPORT FROM

Atlanta, GA
   Sabrina Karim
 
Bogotá, Colombia
   Jenny Manrique
 
Caracas, Venezuela
   Paula Ramón
 
Guatemala City, Guatemala
   Nic Wirtz
 
Mexico City, Mexico
   Juan Manuel Henao
 
Monterrey, Mexico
   Arjan Shahani
 
Montreal, Canada
   John Parisella
 
New York, NY
   Adam Frankel
   Christopher Sabatini
 
Ottawa, Canada
   Huguette Young
 
Rio de Janeiro, Brazil
   Stephen Kurczy
 
Salvador, Brazil
   Paulo Rogério
  
San Salvador, El Salvador
   Julio Rank Wright
  Carlos Ponce
 
Santiago, Chile
   Joseph Hinchliffe
 
Washington, DC
  Eric Farnsworth
  Liz Harper
  Christian Gómez, Jr.
  Christine Gomes
  Kezia McKeague
  Johanna Mendelson Forman