3 ms·
But the URV was only part of the Real plan, though it was the most visible part. There were other equally important measures, Wikipedia has a summary (https://p
by cesarb 8y ago
But the URV was only part of the Real plan, though it was the most visible part. There were other equally important measures, Wikipedia has a summary (https://pt.wikipedia.org/wiki/Plano_Real#Principais_medidas https://pt.wikipedia.org/wiki/Plano_Real#Principais_medidas):
- Limiting price adjustments to once a year;
- Privatizations;
- Reducing government spending and increasing taxes;
- Reducing import taxes and making imports easier;
- Interventions in the exchange rate;
- Increasing the central bank interest rate.