Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.060

-0.9%

Nov 6 3:59 PM EST

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To: CuttotheCore who wrote (7424)	9/3/1998 3:29:00 PM
From: P.T.Burnem	Read Replies (1) of 22640

The US$/real exchange rated is fixed by way of a "dirty peg". See #7408 for details on how the peg operates. If the Central Bank is forced to abandon (or break) the peg, the value of the real will plummet along with the Bovespa. PTB

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