Brazil’s interim lower house chief Waldir Maranhao called for a new vote on the impeachment of President Dilma Rousseff, in a surprise move that prompted a sell off of Brazilian assets.
Maranhao said he annulled the lower house vote last month in favor of Rousseff’s impeachment, citing procedural irregularities, according to a statement sent by the press office of the lower house presidency. The decision comes in response to a request by the attorney-general’s office.
The Senate was due to vote later this week whether to put Rousseff on trial and temporarily force her to step down.
The real lost 4.4 percent and the Sao Paulo stock exchange dropped 3.2 percent after the announcement was made.
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