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 : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (11426)	1/12/1999 2:50:00 AM
From: Steve Fancy	Respond to of 22640

IADB sees no greater Brazil real devaluation risk Reuters, Tuesday, January 12, 1999 at 02:18 TOKYO, Jan 12 (Reuters) - A senior official at the Inter-American Development Bank (IADB) said on Tuesday he did not see an increased risk of Brazil devaluating its real currency. Asked if there is now a greater risk of the Brazilian real being devaluated or its band widened, Ricardo L. Santiago, acting IADB executive vice president, told Reuters Television: "I don't think so." "Brazilian authorities are very clear that they want to sustain the foreign exchange regime that they have, which allows some devaluation of the real but in the past that is consistent with the stabilisation plan they have," Santiago said. He noted that with the dollar now weakening, Brazilian exporters would have more room to manoeuvre and this would give more confidence that the authorities will stay on course with their plans for foreign exchange. Copyright 1999, Reuters News Service