Brazil has so far injected 22.9 billion U.S. dollars into the country's economy in a bid to boost its currency against the U.S. dollar since the world financial shock began to take hold in mid-September.

President of the Central Bank of Brazil (BC) Henrique Meirelles said Tuesday that 22.9 billion dollars is a small amount compared to what other central banks around the world have been spending to tackle the crisis.

Brazil's real has continued to drop since mid-September, reaching 2.2 to the dollar Tuesday in the Brazilian exchange market.

Meirelles said the BC has adopted a series of measures to stop the depreciation of the Brazilian real against dollar, which could worsen inflation in the country and affect companies with debts in foreign currency.

The measures include direct selling of dollar reserves in the market, offering loans in U.S. dollars with an option of re-buying and selling exchange swap contracts.

Meirelles said some 3.2 billion dollars have been sold directly, and 5.3 million dollars have been offered at auctions for banks. Afurther 1.6 million have been dedicated to loans for exterior commerce and 12.8 billion for exchange swap contracts.

(Xinhua News Agency October 22, 2008)