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PEDESTRIAN WALKS PAST A BOARD SHOWING EXCHANGE RATES IN RIO DE JANEIRO, 2002-07-24 (photo)

IMAGE number
REU8124001
Image title
PEDESTRIAN WALKS PAST A BOARD SHOWING EXCHANGE RATES IN RIO DE JANEIRO, 2002-07-24 (photo)
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Photographer
Sergio Moraes
Medium
photograph
Date
2002 AD (C21st AD)
Shooting Date
2002-07-24
Image description

A woman walks past a board showing exchange rates in Rio de Janeiro, July 24, 2002. The Real has chalked up consecutive record lows on the back of slumping global markets, election jitters, and the higher cost of Central Bank debt rollovers. A slump in global equity markets, particularly Wall Street, also eroded hopes of investment in emerging markets like Brazil. Local corporate demand for dollars to cover overseas debt commitments has also pressured the currency. REUTERS/Sergio Moraes REUTERS SM/GN

Photo credit
REUTERS/Sergio Moraes / Bridgeman Images
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