31.08.2010 - Mantega says ‘favorable’ Brazil currency won’t last
From Bloomberg: Brazilian Finance Minister Guido Mantega said foreign-based companies operating in Brazil should consider sending some profits home as the exchange rate is unlikely to remain as favorable as it is now. “This exchange rate won’t remain so favorable for companies that repatriate profits and dividends to their headquarters,” Mantega said today at an event in Sao Paulo. “We cannot facilitate the appreciation of the currency.”.............................................Full Article: Source
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