| 04.01.2010 - Brazil treasury may start buying dollars via SWF |
| From MNI: Brazil's Treasury last week received permission to use its R$16 billion ($9.2 billion) sovereign wealth fund to purchase dollars, potentially creating a second source of intervention in the currency market independent of the Central Bank. The executive order, issued without a press conference, also permits the Finance Ministry to increase the size of the SWF, which is currently invested entirely in Brazilian government bonds..........................................Full Article: Source |