Brazil Currency Specialist to Join Finance Ministry, Valor Says

Nov. 12 (Bloomberg) -- Economist Emilio Garofalo Filho left the Brazilian central bank to work at the Finance Ministry, Valor Economico reported, without saying where it got the information.

Finance Minister Guido Mantega invited Garofalo, 56, to help design policies to contain the local currency’s appreciation against the dollar, according to the newspaper.

Calls by Bloomberg News to the Finance Ministry and the central bank weren’t answered before regular business hours.

To contact the reporter responsible for this story:
Camila Fontana in Sao Paulo at cfontana@bloomberg.net
Last Updated: November 12, 2009 04:51 EST

 Brazil Currency Specialist to Join Finance Ministry, Valor Says