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Brazil’s Mantega: Fund needed to regulate sub-salt oil dollars

Posted on 22 October 2009

From Dow Jones: Brazil’s government should create a special fund to regulate future inflows of dollars from the country’s sub-salt offshore oil reserves, Finance Minister Guido Mantega said Wednesday.

Speaking at a congressional hearing, Mantega said that such a fund would be aimed at slowing the rapid appreciation of the local currency and helping to maintain a healthy foreign trade balance……………………Full Article: Source


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