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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.692-2.0%Dec 12 9:30 AM EST
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To: djane who wrote (7735)9/10/1998 1:29:00 PM
From: Steve Fancy   of 22640
 
Brazil Cenbank says will not change forex policies

Reuters, Thursday, September 10, 1998 at 12:39

SAO PAULO, Sept 10 (Reuters) - Brazil's Central Bank does
not plan to change its foreign exchange policy, Francisco
Lopes, a Central Bank director, said on Thursday.
"There is no alternative for the Central Bank to change
foreign exchange rules," Lopes told reporters in response to
market speculation that the Central Bank is mulling ways to put
a lid on heavy dollar outflows.

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