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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.944+0.5%Nov 28 9:30 AM EST

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To: Jerry A. Laska who wrote (6524)8/11/1998 6:48:00 PM
From: Steve Fancy   of 22640
 
Brazil equity slump not affecting real-ministry

Reuters, Tuesday, August 11, 1998 at 12:22

BRASILIA, Aug 11 (Reuters) - A slump in Brazilian share
prices has not affected the real currency, a spokesman for the
Finance Ministry said Tuesday.
"For the time being this is an equities phenomenon. It has
not had any affect on the currency, which is what is most
important," the spokesman said.

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