The Acting Secretary of State to the Ambassador in Brazil (Caffery)
3024. Your 4027, October 6.72 Refer to Article 8 of the decree law on currency which provides that the Minister of Finance will establish the conditions under which present coins and bank notes may be exchanged. It is assumed that you have discussed with the appropriate Brazilian authorities the question of utilizing this provision to establish effective freezing controls over coins and bank notes which may have previously been hoarded by undesirable persons, both of enemy and Brazilian nationality, and which will be presented for exchange into new coins and new currency.
Please report to the Department whether this provision will be utilized in this manner.
- Not printed.↩