Central Banking

BCB Fraga on the list of presidential candidates

Right-wing coalition PFL party president Jorge Bornhausen named Banco Central do Brasil chairman Arminio Fraga as a candidate for the 2002 presidential elections who could achieve unanimity between the government coalition.

By making this nomination, Bornhausen clearly shows the difference between his side of the PFL party and and supporters of Senate chairman Antonio Carlos Magalhaes (also PFL), who want Tasso Jereissati (from President Cardoso's own center-left PSDB party) to run for the pre

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