SAO PAULO, Dec 5 (Reuters) - Brazil's central bank said it will offer up to $1.5 billion in dollar swaps in an auction on Friday as it seeks to add liquidity and reduce volatility in the foreign exchange market.
The bank will offer 30,000 contracts in the auction.
Previously, the bank sold an unspecificied amount of dollars from its international reserves in three separate auctions.
Brazil's currency, the real BRBY, pared losses shortly after the announcement of the swap auction but was still trading more than 3 percent weaker at 2.6 per dollar.
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