Brazil moves to stabilize currency. In Q3 there
Post# of 63699
Posted On: 12/06/2012 10:45:30 PM
Brazil moves to stabilize currency.
In Q3 there was a 20.5% currency adjustment. The Brazilian Real was starting to take off. I am glad Brazil stepped in. If the Real stays in the prescribed range, the adjustment will be maybe 10% for Q4. With increased sales on the new animal feed, Brazil could show a profit, I hope. This is good news for RIBT.
http://www.bloomberg.com/news/2012-12-05/real...onomy.html
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