832.5151/500: Telegram

The Chargé in Brazil (Gordon) to the Secretary of State

23. My 20, January 15, 2 p.m. Allotments to banks of official foreign exchange is still suspended and Provisional Exchange Director of the Bank of Brazil, who is only a figurehead now, states openly that no decision in the premises will or can be taken until the arrival of the Finance Minister in the United States.

American business community here is becoming somewhat restive. Due to necessary deposits on due bills of milreis to cover official exchange which is not forthcoming some American representatives here inform me that they have already cabled suspending further shipments from the United States and others are seriously considering doing the same.