Brazil to keep building reserves - Meirelles

Brazil's central bank will keep buying U.S. dollars in the currency market in a bid to build up international reserves, central bank President Henrique Meirelles told reporters.

Brazil's international reserves, excluding credit with international lenders, have climbed to about $60 billion now from $18 billion at the start of 2003 and the central bank has bought $7.9 billion worth of U.S. dollars this year alone.

``We are continuing our process of accumulating reserves, talking into account

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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