Brazil c bank mulls use of derivatives on forex

BRAZIL - Brazil's central bank is considering the use of derivatives to intervene on the foreign-exchange market as of May 2002, daily O Estado de S. Paulo said Thursday.

As of that date, the central bank will no longer be allowed to issue any debt, including dollar-linked notes, because of the Fiscal Responsibility Law.

The monetary authority currently has an arsenal of dollar-linked Treasury bills, but chairman Arminio Fraga told Estado that "if the Treasury bills don't provide enough

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: