832.5151/1056: Telegram

The Ambassador in Brazil (Caffery) to the Secretary of State

80. Referring to my telegram No. 46, March 5, 1 p.m., Brazil authorities are considering very early action in connection with partial liberation of exchange on the following basis:

Eighty per cent free market, 20 per cent for Government necessities. These percentages are subject to change in decree law which will be issued regulating this matter.

Please inform Department of Commerce.

Caffery