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  #591  
Old 12-31-2018, 05:59 AM
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NIGERIA
https://www.dailytrust.com.ng/teache...ement-age.html

Quote:
Teachers divided over extension of retirement age

Spoiler:
A bill seeking for the extension of the retirement age of basic and secondary schools’ teachers from 60 to 65 years has been presented to the National Assembly, with Minister of Education Adamu Adamu saying, at a public hearing on the proposed bill that allowing teachers stay longer in the profession was a step in the right direction.

However when the news broke, it threw the educationists into a division – some welcoming the proposal premised on a number of grounds and others kicking against it.



Edo State secretary of the Nigeria Union Teachers (NUT), Moni Modesty-Itua, said the advantages of extending the retirement age for teachers far outweigh the disadvantages in the sense that it would give room for experienced teachers to control students, adding that at present, skilled teachers have become veritable tools for private schools after retirement where they continue to impart quality education.

“As you know, government has not been employing teachers across the country leading to shortage of teachers. So, with the new retirement age, there will be qualified teachers who will handle teaching in matured ways,” the state NUT scribe stated.

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He said the bill has potential to improve the standard of education.

Also speaking, a basic education teacher, Joe Ileogben, concurred that reforming retirement age was a good development.

“There is shortage of teachers in our schools and the older teachers have garnered experience; are very active and can also deliver quality education,” he said.

He said knowledgeable teachers would further help the authorities in the area of policy formulation.

Plateau State NUT Chairman Comrade Ayuba Gana, who was also at the public hearing, said the move would ensure teacher professional development.

Gana said the bill is welcome because new teachers would easily acquire skills from the experienced ones.

The NUT chairman called on the relevant authorities to do all it takes to ensure speedy passage of the bill.

The Headmistress of Vatt Primary School in Barkin Ladi Local Government Area, Plateau State, Esther Samson, said government must carefully examine all options before accepting the new age, adding that it would be of assistance to the education system.

A lecturer with the International Institute of Tourism and Hospitality, Yenagoa, Bayelsa State, Mr Deedee Edsintei, described the planned increase in the retirement age for teachers in public secondary schools as a welcome development which would not only boost productivity, but expertise in the educational system.

Highlighting the importance of the plan, Edsintei, said it would help in improving the educational system in the country, as basic and secondary schools were the foundation for education.

He said: “It is a cheerful development if government agrees to have secondary education teachers retire at the age of 65 to 70 years, because secondary and basic education are very important; we need maturity and experience to groom our young generation.

“The curriculum these days is not like what we had in the olden days, so I expect the Federal Government to ensure that teachers undergo trainings so that as they are getting older, the productivity in the system gets better.

“Teachers in both tertiary institutions and secondary schools are doing the same job; if the retirement age for those working in the tertiary institutions is 65, it should be extended to those in secondary schools,” he said.

A teacher in Kwara State, Malam Tiamiyu Mukhtar Akanji, also said extending teachers’ retirement age is a good development but government should also pay attention to their welfare and professional development while in service.

“Teachers usually retire but are not tired. So the authorities should even reduce their age to get them stay longer in service as that will reduce discrepancies in the age issue. This is evident in the agility of some teachers even after their retirement.

“Their salaries and retirement benefits should also be considered,” Akanji said.

Another teacher, Mr Abubakar Abdulwahab, similarly expressed optimism that the new retirement plan, if implemented, would change a lot about the teaching profession, adding that the welfare of teachers should be considered alongside the age limit.

In Jigawa State, Iro Abdullahi, a Junior Secondary School teacher, said if the plan becomes reality, it would be one of the great ideas that would take education to the ‘next level’ in the country.

Abdullahi, argued that the wealth of experience of those that put several years in the field of teaching would remain not only a great asset to the sector but a window for formal change in education in the country.

He pointed out that if the basic level was fixed well, all other stages of education would be attained without much headache and that the retirement age increment would expand the room for mentorship as new teachers would find it easy to obtain effective guidance for better performance.

Abdullahi, however explained further that as good as the policy is, it also has some negative consequences, saying that where the older teachers could not retire as usual, there won’t be room for the younger ones.

“As much as we love to benefit from the wealth of experience of the old hands in the profession, that does not mean we will turn a blind eye to the need for the younger generation to come in. The danger is when you don’t inject new blood; continuity will remain a stumbling block,” he noted.

Also speaking, the Vice Chancellor, Academics, Federal University Dutse, Professor Usman Adamu Izge, said it was a step in the right direction, looking at the teacher deficit at basic and secondary schools in the country, adding that over the years, teachers were retiring and government on its part was not recruiting and that had created a gap in the teacher-student ratio.

But Prof Izge said the biggest minus to the policy was that there would not be room for tnew teachers.

A teacher at Government College Umuahia, Abia State, Mr Obinna Ihejirika, said the plan would allow teachers to get additional skills and that an experienced teacher was required to handle certain students than a newbie.

He said the only disadvantage inherent in the plan was that the young graduate teachers may take some time before getting into the system.

Mrs Francesca Onuoha, a social studies teacher at Community Secondary School, Ikwuano, also in Abia, however disagreed with the plan saying that extending retirement age by five years has a negative effect on the economy and the students.

In her words: “Extra years mean extra money to pay salaries, benefits, and if you don’t pay them, they won’t want to stress themselves, they will draw the economy backwards.

“The money that will be used to pay them can be used to open up more roads, and other projects for the benefit of the people. After 35 years teachers in serviceshould go and rest,” she said

Also, a retired school principal, Mr Vincent Nwanneukwu, said absence of experienced teachers in the educational sector had to an extent contributed to the deteriorating standard of education. He said most of the graduate teachers were not employable because they lacked the requisite knowledge to handle student needs.

He said the proposal might reduce employment opportunities and some of the old teachers may lack the necessary ICT skills for a digital classroom.


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  #592  
Old 12-31-2018, 06:01 AM
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UNITED KINGDOM

https://www.express.co.uk/life-style...udicial-review

Quote:
State pension: What is state pension age for women? Latest news on review into changes
STATE pension claimers must reach a certain age - known as state pension age - in order to be eligible to receive the payment. A judicial review into the controversial state pension age rise for women has been agreed. What’s the latest news on the issue?

Spoiler:
The state pension age has gradually been rising for men and women in recent years. Last month saw a landmark day as on November 5, some men and women of the same age reached state pension age at the same time. However, the rise in state pension age has been the subject of controversy, with campaign group Backto60 seeking permission to file a judicial review into the matter. On November 30, the Royal Courts of Justice granted permission for the group to pursue a legal review. What is the latest information on the topic?

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It would not be “practical or proportionate” for the ombudsman to continue its investigation while the judicial review takes place

It’s been just a matter of weeks since the campaign group sought permission to file for a judicial review.

And yesterday, the Parliamentary and Health Service Ombudsman (PHSO) suspended its investigation of complaints about the state pension age rise for women, FTAdviser reported.

The publication went on to explain that this is due to the upcoming court investigation.

A previous report explained that the PHSO had selected six complaints about the state pension age - which would act as lead cases, setting a precedent for thousands of others.

However, on December 19, a spokesperson for the PHSO said that it would not be “practical or proportionate” for the ombudsman to continue its investigation “while similar issuers are being considered by the court”.

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BackTo60 are requesting that the state pension age returns to 60 for women who were born in the 1950s.

State pension age: Pictures of pensioners looking worried
State pension age: Permission for a judicial review into the changes of age for women was granted (Image: GETTY)

Their argument is that the changes gave those who were affected by the rise little to no personal notice - causing difficulties when it came to making alternative retirement plans.

The state pension age is currently continuing to rise for both men and women.

In order to work out your state pension age, gov.uk have got an online calculator.

Enter your date of birth and whether you’re a man or woman online, and the government will tell you your state pension age.

When you were born will also affect which type of state pension you could be eligible for.

For instance, the basic state pension is something that men can claim - provided they were born before April 6 1951.

Women born before April 6 1953 will also be able to claim this.

Those born after these dates would instead be able to claim the new state pension.

However, it’s worth remembering that you must have reached state pension age in order to be eligible.

What’s more, if you reached state pension age before April 6 2016, you’d have to claim the basic state pension.


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  #593  
Old 12-31-2018, 06:02 AM
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IRELAND

https://www.joe.ie/news/retirement-a...slation-653045

Quote:
President signs legislation to increase compulsory retirement age

Spoiler:
The change has been made.
The compulsory retirement age for public servants is now 70, after President Michael D Higgins signed a new bill into law.

Previously, public servants had to retire by 65 at the latest, despite the fact that the age for qualifying for the State pension is 66.

Just over a year ago, it was announced that the change from 65 to 70 was going to be made, and it has now been signed into law.

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A number of employees in Ireland wanted to continue in their posts beyond 65, which will they now be able to do.

The news was announced on the official Twitter page of the President of Ireland on Wednesday morning.

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Having considered the Public Service Superannuation (Age of Retirement) Bill 2018, the President has today, 26 December, signed the Bill and it has accordingly become law.

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There had been fears that implementation of the legislation would be delayed until next year, but it has now officially been signed into law, meaning the change is effective from today.


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  #594  
Old 01-03-2019, 04:52 AM
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RUSSIA

http://tass.com/society/1038728

Quote:
Law on raising retirement age in Russia comes into effect on January 1, 2019

Spoiler:
MOSCOW, December 31. /TASS/. The law envisaging a gradual increase in the retirement age in Russia to 60 years for women and 65 years for men will come into effect on January 1, 2019. The transition period will last until 2028.

The reform of the pension system became one of the most debated legislative initiatives of the past year. The initial draft law underwent significant changes. The amendments were made after President Vladimir Putin instructed the government to soften the original version and to introduce a number of additional benefits, as well as measures to support people of pre-retirement age.

Eventually, the draft law was signed by the head of the state on October 3. It stipulates a gradual increase in the retirement age by 5 years - to 65 for men and 60 for women instead of 63, as it was initially proposed by the Cabinet. The amendments also reduce by three years the length of service that gives the right to early retirement: for men it was reduced to 42 from 45 years as it was originally planned, for women it was reduced to 37 from 40 years.

In the first several years the retirement age will be raised by six month annually. Those citizens who were to retire under the old law in the next two years will be given the right to qualify for a pension six months earlier than the new retirement age. For example, if a person, according to the new retirement age, is due to retire in January 2020, he will be able to do it already in July 2019.

The average pension in Russia in 2018 was 14,100 rubles ($202). In 2019, according to the new law, the average monthly old-age pension for non-working pensioners will increase to 15,000 rubles ($215), and by 2024 - to 20,000 rubles ($286) per month.

Right to early retirement
The new law preserves the right to early retirement for people working in harmful and dangerous conditions, for those injured as a result of radiation or man-made disasters. Also, the law secures early retirement to one of the parents or the guardian of a disabled person from childhood.

The law secures benefits for permanent residents in the Far North regions of Russia and equal areas, those who worked there as reindeer herders, fishermen and hunters. Under the new law disabled war veterans, persons with visual disabilities and other categories of disabled people are eligible to early retirement. Early retirement benefits will be given to women who gave birth to more than two children and have the experience of working in the Far North and in equal areas. The law still secures benefits for women who have given birth to five or more children and raised them up to eight years. The law also gives the right to early retirement to women with three and four children. They will be able to retire three and four years earlier than the generally established retirement age. Under the new law women who have 37 years of work experience and men who have 42 years of work experience also have the right to early retirement but not earlier than 55 years and 60 years respectively.

Expected economic effect
According to the World Bank’s report, a gradual increase in the retirement age in Russia since 2019 will add extra 0.3-0.4 percentage point to economic growth rates in 2020-2028.

"During 2020-2028, with a rise in the retirement age for both men and women, potential labor force growth is expected to increase by about 0.9 percentage point per year compared to the baseline scenario. The potential growth rate is expected to increase by 0.3-0.4 percentage point over 2020-2028," according to the report.

According to the Bank of Russia, the increase in the retirement age in Russia will lead to the growth of GDP by 0.1 percentage points in 2019 and by 0.2-0.3 percentage points in 2020-2021.

"Together with the measures on boosting human capital and mobility of workforce, the pension reform may ease the problem with the lack of personnel, which is growing due to unfavorable demographic trends," the regulator said, noting that this will ensure a steady growth in salaries.

"Given the age structure of the population, the current share of working pensioners and the dynamics of labor efficiency among the personnel of different age the hike in pension age, according to assessments of the Bank of Russia, will make an additional contribution to increasing the GDP growth rate at the level of nearly 0.1 pp in 2019 and 0.2-0.3 pp in 2020-2021," the regulator said.



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  #595  
Old 01-03-2019, 04:54 AM
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ITALY

https://www.independent.co.uk/news/w...-a8704081.html

Quote:
Italy budget: Parliament backs lowering retirement age and new basic income after standoff with EU
Spending plan approved by MPs amid concern in Brussels over populist government’s expensive policies


Spoiler:
The Italian parliament has approved the government’s 2019 budget days before the year-end deadline following a lengthy standoff with the European Union over spending.

Leaders of the country’s ruling populist coalition had been forced to pledge to cut the deficit next year to 2.04 per cent of GDP after Brussels rejected an original target of 2.4 per cent, saying it broke EU fiscal rules.

However, a raft of expensive flagship policies, including a basic “citizens’ income” for some of the poorest in Italian society and a reduction in the retirement age, remain in government spending plans.

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The budget, which overcame its final hurdle on Saturday in passing a vote in the Chamber of Deputies by 327 to 228, had prompted concern when it was first presented in October.

The European Commission baulked at the costly policies Italy looked to introduce despite having proportionally the second highest public debt in the Eurozone after Greece, taking the unprecedented step of asking Rome to redraft the plan.

But the Italian government, led by the anti-establishment Five Star Movement and far-right League party, struck a late deal with the Commission last week to force though the spending plan, agreeing a number of measures including lowering its seemingly unrealistic growth forecasts.

The budget will still see the introduction of a basic payment of around €780 (700) a month for those on low incomes, a policy for which the government has set aside somewhere in the region of €10bn (9bn).

The retirement age will also be lowered from 67 to 62 for millions of people who have paid into the Italian pension system for at least 38 years.

Meanwhile, the government has also agreed to introduce a string of tax cuts for individuals, including relief for self-employed people earning less than €65,000 (58,500) a year.

Tax has, however, been increased for banks, insurers and gambling companies.

Italian prime minister Giuseppe Conte described the budget on Saturday as “the first step of a broad and ambitious plan of reform” which would “turn Italy inside out like a sock” and finally boost its chronically sluggish economic growth.

But, in an acrimonious debate before the measures passed, opposition politicians complained the last-minute nature of the deal with Brussels had given them little time to assess the impact of amendments to the budget.

Several hundred supporters of the centre-left Democratic Party had also staged a protest outside parliament.

The party’s MPs inside the chamber held up banners accusing the government of “increasing taxes and cutting pensions” as a result of their budget.

Italian financial markets have welcomed the end of hostilities with Brussels, and Italy’s benchmark bond yields hit a three-and-a-half month low on Friday after a successful debt auction.

Seven months after coming to power, the government remains popular, with the two ruling parties backed by around 60 per cent of Italians, according to opinion polls.


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Old 01-10-2019, 09:40 AM
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SPAIN

https://www.euroweeklynews.com/2019/.../#.XDdY0lxKiUk

Quote:
Retirement age in Spain rises to 65 years and eight months

Spoiler:
THE retirement age in Spain has risen to 65 years and eight months this year, in line with an agreement made in 2011 to progressively extend it to 67 by the year 2027.

However, anybody who reached 65 last year, having racked up a quota of 36 years and nine months, may retire without delay.

Otherwise, they must wait to retire at the legal age, eight months later.

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The extension of the retirement age has been one of the most controversial measures to ‘guarantee the stability of the system’.

Alongside it, the limitation on the rise of pensions with the Revaluation Index was also implemented, putting an end to the increases with the CPI as was customary before. It condemned annual rises of 0.25 per cent, below inflation, so that pensioners lost purchasing power.


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  #597  
Old 01-10-2019, 09:42 AM
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IRELAND

https://www.irishlegal.com/article/c...s-raised-to-70
Quote:
Compulsory retirement age for public servants raised to 70

Spoiler:
Public servants in the State will not be required to retire until the age of 70 under new legislation now signed into law.

The Public Service Superannuation (Age of Retirement) Bill was signed into law by President Michael D. Higgins just after Christmas, amid trade union fears that it could be delayed until the new year.

The new law raises the compulsory retirement age of most public servants recruited before 1 April 2004 from 65 to 70.

It addresses an anomaly where public servants were required to retire at 65 but were not eligible for the State pension until 66.

Addressing the Seanad, Patrick O’Donovan, minister of state for public procurement, open government and eGovernment, said: “We can all be very proud of this legislation. Today, we are sending a signal to people across Ireland, and to our public servants in particular, that if they want to continue to make a contribution beyond the age of 65, the Government will welcome that and encourage them to do so.”


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Old 02-07-2019, 05:48 AM
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SLOVAKIA

http://newsnow.tasr.sk/economy/gurri...not-good-idea/

Quote:
Gurria: Retirement Age Cap Not Good Idea

Spoiler:
Bratislava, February 5 (TASR) – OECD Secretary-General Jose Angel Gurria criticised plans to cap the retirement age in Slovakia during his meeting with Prime Minister Peter Pellegrini on Tuesday.

Gurria doesn’t view capping as a good idea, as such a step would worsen Slovakia’s pension system. He views the current setting as correct.

The OECD in its latest economic outlook pointed to the fact that the proportion of people aged 65+ will grow significantly in the future. This will increase the pressure on public finances. Therefore, it’s necessary to preserve fully the pension reform of 2012-13, including the link between the retirement age and average life expectancy. Gurria believes that no figures should be specified in the Slovak Constitution, as it’s difficult to change them. “A significant majority [in Parliament] is necessary to change the Constitution, and then you get into a complicated situation. Slovakia currently has the best pension system, as the retirement age is bound to average life expectancy. Many other countries want to introduce this as well,” stated Gurria, adding that the OECD uses Slovakia as a model for other countries in this field. He compared considerations on capping the retirement age to climate change, which will also have a big impact on many generations.

Pellegrini said that he can appreciate the economic point of view on one hand and political opinions on the other. “A responsible attitude towards developing the economy needs to be taken into consideration here. We’ll have to state clearly what it would bring to the country in ten or 20 years. I agree with Mr. Gurria that once we do this, it will be very difficult for future governments to reverse this decision,” stated Pellegrini.

Meanwhile, Pellegrini stressed that the decision won’t have a negative impact on public finance in the next few years. “We have to take into consideration that the time is approaching when one third of the Slovak population will be older than 65,” added the prime minister.

Parliament is set to vote definitively on a constitutional cap on the retirement age at 64 years at its next session.


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Old 02-07-2019, 05:48 AM
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PHILIPPINES

https://m.inquirer.net/business/264386
Quote:
GSIS warns against proposed reduction in retirement age to 56
With the measure, fund to get depleted 12 years earlier than programmedBy Ben O. de Vera

Spoiler:
State-run Government Service Insurance System (GSIS) stands to lose 12 years from its fund life if the House-approved bill reducing the optional retirement age of government personnel to 56 becomes a law, officials of the pension fund warned yesterday.

If ever Congress would push through with the measure that would allow government workers to retire even earlier than the current early-retirement age of 60, GSIS president and general manager Jesus Clint O. Aranas said the pension fund was hoping it would be applied only to new entrants to public service.

“The only viable option is to do this prospectively—for the new members, for the new entrants, they can have this package. But the old pensioners should not be made to suffer

the challenges, because as studies would show, it will reduce the fund life of the GSIS,” Aranas said.

“It destroys and erodes job security—the pension of a government worker is his job security. It is very important that the government employee knows that he has a solid pension and a retirement when he does retire at the end of the day. That’s job security,” he added.

GSIS chief legal counsel Isagani L. Cruz Jr. said the proposed reduction in optional retirement age would shorten GSIS’ fund life by 12 years to 2039 from 2051 at present.

It means that the GSIS could no longer have funds to disburse benefits by 2039, unless its fund is replenished.

“In money terms, to sustain the fund life, we will need an additional reserve requirement of P176.36 billion,” Cruz added.

Cruz said that besides capital infusion, the GSIS might have no other option but to either increase members’ contribution rate or slash benefits in order to mitigate the impact of the planned retirement age cut and sustain the fund life.

“I think both alternatives will not be really welcome. In the absence of these alternatives, we’ll just have to bite the bullet and face the reduction of the fund life, and expect the fund to be depleted 12 years earlier [than previously programmed],” Cruz warned.




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Old 02-07-2019, 05:53 AM
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BRAZIL

https://www.reuters.com/article/us-b...-idUSKCN1PT28Z
Quote:
Brazil mulls minimum retirement age of 65 for men and women

Spoiler:
BRASILIA (Reuters) - Brazil’s government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, a government official said on Monday.

The proposal is one of several under consideration, as President Jair Bolsonaro looks to get the legislative ball rolling on his ambitious plans to overhaul Brazil’s creaking social security system.

Currently, if workers have contributed into the system for at least 15 years, the earliest men can retire is 65 and for women it is 60. But men can retire at any age if they have paid into the system for at least 35 years, and women if they have contributed for 30 years.

Speaking to reporters outside the Economy Ministry in Brasilia, Rogerio Marinho, secretary of social security and labor at the ministry, confirmed talks were underway on the proposal to change that.

Part of the proposal, which was originally reported by O Estado de Sao Paulo newspaper, stipulates that workers must pay into the system for a minimum of 20 years.

“Until a draft has been finalized, Bolsonaro cannot confirm anything on social security,” Bolsonaro’s spokesman Otavio Rego Barros said on Monday.

Bolsonaro has put overhauling social security at the top of his agenda. Depending on the final proposals, it could save up to 1.3 trillion reais ($354 billion) over the next decade, economy ministry sources reckon.

Investors have pinned much of their optimistic outlook for Brazil this year on Bolsonaro delivering on pension reform. The elections of Bolsonaro allies as house and senate presidents last week were seen as a step in that direction. [nL1N1ZX0AE]

Vietnam-style reforms may work for North Korea
The Bovespa stock market hit a record high on Monday above 98,500 points, and the real has risen around 7 percent against the dollar in the last six weeks.

($1 = 3.6707 reais)


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