BRAZIL: CRISIS PROMPTS CENTRAL BANK TO ADOPT MEASURE FOR INCREASING FUNDS. IPR Strategic Business Information Database | October 5, 2008 | COPYRIGHT 2008 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

According to anba: The international financial crisis has prompted the Brazilian Central Bank to adopt a new measure in order to increase the volume of funds available in the market. The information was disclosed yesterday (2nd). Changes were effected to mandatory payments (a portion of the funds that banks are obliged to pay to the Central Bank) for government bonds, with incidence on credit deposits. According to the press office at the Central Bank, the measure is going to issue up to 23.5 billion reais (US$ 11.7 billion) in government bonds in the market, which may be ...

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