Bolsonaro's Secret Talks Spark Brazilian Real's Plunge The Brazilian real has been on a precipitous decline in recent months, with some attributing its slide to rumors of secret talks between President Jair Bolsonaro's administration and key stakeholders.
At its lowest point this year, the real reached a record low against the US dollar, sparking concerns about the country's economic stability and competitiveness. What's Behind Brazil's Economic Crisis?
Brazil's economic downturn is a complex issue with roots in several years of stagnation under previous administrations.