Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (30839)	3/13/2008 2:25:27 AM
From: elmatador	Read Replies (1) \| Respond to of 217496

Brazil to change forex rules to stem real's gains. Too much money seeking refuge in Brazil running away from devastation. Brazil to change forex rules to stem real's gains. March 12 (Reuters) - Brazil will ease regulations on foreign exchange transactions by exporters and tax investments by foreigners in the local bond market in a bid to cut inflows of U.S. dollars and stem gains in the local currency, Finance Minister Guido Mantega said on Wednesday. Brazil's currency, the real BRBY<BRL=>, has gained 6.2 percent in 2008, after surging about 20 percent in 2007. As the real has gained, export growth has slowed and imports have surged, shrinking the country's trade surplus. The current account balance of payments has swung into deficit, worrying some government officials. (Reporting by Isabel Versiani, Writing by Elzio Barreto; Editing by Jan Paschal)