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  1. #1
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    May 2003
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    Default Certificate rates

    Anyone got any ideas on how low the Banco Central Certificate rates are going to go or if indeed you think they might rise again.

    Regards,
    Paul

  2. #2
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    Mar 2003
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    Default

    They tend to rise and fall based on the stability of the forex rate. If the peso/dollars rate is stable, they tend to fall. They go up again when the peso loses value. IT's all about giving people and incentive to own pesos at all instead of some other more stable currency. The more stable the exchange rate, the less incentive is needed.

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