832.5151/1035: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
[Received March 19—10:55 a.m.]
62. My telegram No. 51, March 12, noon.16 The Director of Exchange informs me that the Bank of Brazil will allocate exchange today for maturities through March 5th. Oil companies have received exchange contracts for their daily quotas through February 16th. Firms operating on open account have received exchange contracts for their daily quotas through February 8th and the Director of Exchange informs me that he will allocate additional exchange next week. Additional exchange contracts have matured and the Bank of Brazil has liquidated them by sight drafts on New York.
Please inform Department of Commerce.
- Not printed.↩