Brazil central bank to offer $300 mln in swaps

Mon Nov 24, 2008 4:29pm EST
SAO PAULO, Nov 24 (Reuters) - Brazil's central bank will offer about $300 million in swap contracts on Tuesday as part of an ongoing effort to supply the foreign exchange market with liquidity.
The bank said on Monday it will offer up to 6,000 contracts in the auction.
The bank resumed selling dollar swaps last month for the first time in more than two years, one of several measures it has taken to add liquidity to the financial system. (Editing by James Dalgleish)