National Treasury says restricitons on capital adopted in Argentina not detrimental to Brazil

25/06/2003 - 17h30

Brasília, 6/27/2003 (Agência Brasil - ABr) - The head of the Secretariat of the National Treasury, Joaquim Levy, reports that the decision by Argentina to require incoming capital to remain in the country for a minimum of 180 days will not have any effect on Brazil's credibility with international investors. "I think our improved economic indicators are more important," said Levy, adding that investors would certainly take that into consideration when making decisons. (AB)