Brazil c bank to receive US$2.5bn debt from Poland

BRAZIL - The Central Bank will receive US$2.457 billion in two weeks time from a debt due from Poland that is scheduled to come due in 2009. The money will bolster Brazil's foreign currency reserves, raising them to US$42 billion.

The accord, announced on Monday by Brazil's Central Bank and the Polish Finance Ministry, gives a 25.5% discount on the original debt of US$3.3 billion.

Treasury secretary Fabio Barbosa said the money will be used according to Brazil's LDO budget law. He said to spend

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