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Even before Fernando Henrique Cardoso become president he created a new currency: "The Real", and forced a parity with the dollar....
1 dollar = 1 real
This stimulated business man and the population, in few months the internal consumption was growing... But they had fear of the inflation.
So in the next year, this time being president he increased the interest rate, cooling the economy.
And to cut costs he privatised some SOEs
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