* Brazil could add tax on foreign currency debt
* Would be part of package to ease forex pressures
SAO PAULO, March 14 Brazil could restart a
financial transactions tax on debt issued in foreign currencies
in yet another bid to tame gains in the real, Brazilian
financial newspaper Valor Economico reported on Monday.
Finance Minister Guido Mantega is concerned not only about
the strength of the real BRBY but also about the exposure to
exchange rates by companies that issue corporate debt in other
currencies, the paper reported, without citing sources.
The real has traded near 2-1/2-year highs recently despite
repeated government interventions in the foreign exchange
market, such as dollar-buying auctions by the central bank.
A new series of measures is expected to be announced in the
coming days. For details, see [ID:nN04241800]
A tax of 0.38 percent on foreign currency loans, known as
the IOF, was scrapped by the government in 2008 to encourage
short-term capital inflows during the worsening of the global
(Reporting by Inae Riveras and Luciana Lopez; editing by