832.5151/1213: Telegram
The Ambassador in Brazil (Caffery) to the Secretary of State
Rio de
Janeiro, October 14, 1938—5
p.m.
[Received October 14—5 p.m.]
[Received October 14—5 p.m.]
242. Aranha told me today confidentially that in his opinion the only way to solve the present exchange difficulties is to remove all exchange restrictions. If this were done, he said, he would insist that the German mark be treated in the same fashion that other currencies are treated. He said that the matter is being given serious consideration in Government circles but admitted that it is meeting with considerable opposition.
Please inform Department of Commerce.
Caffery