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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.065-2.3%Nov 17 3:59 PM EST
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To: Steve Fancy who wrote (6996)8/21/1998 3:18:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
Brazil capable of fending off mkt jitters--cenbank

Reuters, Friday, August 21, 1998 at 15:11

By Carlos Dias
SAO PAULO, Aug 21 (Reuters) - Brazil's $70 billion in
foreign reserves puts the country in a comfortable position to
fend off growing unrest in world financial markets, a senior
central bank official said Friday.
"We have enough 'ante' to withstand turbulence (in the
financial markets) abroad," Maria do Socorro, head of the
Brazil central bank foreign reserve department, told Reuters in
a telephone interview.

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