The move is as much geopolitical as financial, with a growing number of countries questioning their dependence on the US dollar.
President Luiz Inácio Lula da Silva
The country’s tourism boss says tourists are coming back because the country is seen as more ‘welcoming’ with the departure of far-right leader Jair Bolsonaro.
Rio expects some US$1 billion in revenue at its bars, hotels and restaurants, and for hotels to reach an 85 per cent occupancy rate.
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