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BRAZILIAN CURRENCY REACHES NEW RECORD LOW AGAINST THE DOLLAR, 2001-07-06 (photo)

IMAGE number
REU8176752
Image title
BRAZILIAN CURRENCY REACHES NEW RECORD LOW AGAINST THE DOLLAR, 2001-07-06 (photo)
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Medium
photograph
Date
2001 AD (C21st AD)
Shooting Date
2001-07-06
Image description

The Brazilian Real currency, shown here in Brasilia July 6, 2001, slumped to a record low of 2.56 per dollar before recovering slightly. It was the first time ever the real fell past the 2.50 barrier, amid concerns about the U.S. economic slowdown, emergency energy rationing and political scandals at home. Latin America's key currencies recoiled as well as Argentina's economic woes fueled more demand for the dollar. GN/SV

Photo credit
REUTERS / Bridgeman Images
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