All the central bank had to do was to employ these resources to buy up reals.
Higher rates would attract foreign investors looking to buy Brazilian government bonds priced in reals.
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Bundchen also insists on getting paid in Brazilian reals and euros, which helps boost her earnings.
That is, if it bought a stock in Brazil it could simultaneously short some reals.
This dovetails with the recent surge of Android models priced below 500 reals in Brazil.
For a guided bike tour around Ipanema and the lake, BikeInRioTours.com runs three-hour trips for 65 Brazilian reals.
Mr Zaghen hopes Banespa will sell for more than its book value of 3.8 billion reals.
Then there are the mid-tier QWERTY devices like Motorola Spice and Nokia E5 priced below 500 reals.
Rather than straightforwardly absorbing excess reals, Brazil has jacked up interest rates, which will depress the economy.
This way reals would be pulled out of circulation, and the reduced supply should firm up the value.
Japanese investors seeking higher yield trade yens for Brazil reals and get an easy five percent return.
You should have exposure to Japanese yen, euros and Brazilian reals only if you really want to bet against the dollar.
They offer the Blackberry look and feel for less than 250 reals.
What could happen in the future is markets like Brazil and China agree to price iron ore in yuan, or even Brazilian reals.
To get today, investors have to take on the currency risks associated with buying Brazilian Treasury bonds in the local market, priced in Brazilian reals.
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Banks like Itau Unibanco are selling bonds overseas priced in reals.
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Even as the economy remains weak, the currency is starting to strengthen, going from a weakness of over two to the dollar to around 1.99 Brazilian reals to the dollar on Friday.
They could be in Brazilian reals, or pesos.
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The crowd of displays is headlined by a pair of 73-inch DLP sets, which both feature a host of marketing speak from Mitsubishi like Tru1080p (don't worry, it's 1080p for reals), TurboLight 180 (which claims to boost brightness by 10%), and the fairly meaningless NetCommand and ClearThought which manage connectivity.
All things considered, the odd hump on the bottom right edge doesn't seem as dramatic in the reals as it does in press photos, which we'd say is a good thing -- particularly considering the latest talk that we'll see this sucker launch all over the world over the next few months.
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Sure, a few services have started offering a some movies here and there, most of which have been late, overpriced and plagued with problems, but it sounds like Time Warner is getting ready to do this thing for reals next year, with that fancy new Wal-Mart download service as a potential partner in such doings.
ENGADGET: Time Warner expects download-to-burn movies to hit in '07
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