Meirelles to step down at the end of the year

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Henrique Meirelles, the governor of the Central Bank of Brazil, will step down at the end of the year following months of speculation over his position at the helm of the central bank.

The central bank on Wednesday confirmed Meirelles would leave at the request of its country's President-elect Dilma Rousseff. It was widely rumored that Meirelles would not serve a third term after his current term expired at the end of 2010, following the election of Rouseff.

Meirelles joined the central bank in

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