Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.506

+15.6%

3:59 PM EST

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To: TokyoMex who wrote (9204)	10/27/1998 11:51:00 PM
From: Z Analyzer	of 22640

<<Will IMF demand a devaluation for 30 bill ? >> You have to wonder whether the IMF would be willing to (or able to justify) spending $30 billion trying to help defend an overvalued currency. Wouldn't it be easier to defend a properly valued currency? Especially if you devalue and then have Brazils reserves plus the IMF to make sure the decline doesn't go out of control.

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