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It could instead choose to repay those depreciating debts over time.
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Brazil's largest bank in the private sector, Bradesco, made a profit of 2.02 billion reais ($573 million) in 2002, a decline of 6.8percentt from the previous year, because of a slowing credit market and increased provisions for bad debt and a depreciating real.
"Don't go into debt for a depreciating asset," he said.
In other words, a highly-leveraged depreciating asset that sits empty and they have to service the debt.
A depreciating real, which is oscillating around a 10-year low, pushes up inflation; it also makes Brazil's $230 billion dollar-denominated debt dearer by the day.
"This is a depreciating asset.
"It's a depreciating asset.
Hence the attraction of a depreciating dollar.
"That's a depreciating asset," David said, dismissively.
"But I question holding assets denominated in a depreciating dollar.
The depreciating dollar has made imports more expensive.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com