10 AUGUST 1944, Page 14

THE BRAZILIAN CURRENCY Sut,—While reading an article by Mr. Oscar

R. Hobson on Bretton Woods in The Spectator of July 28th, I was interested to observe a curious error. In an example he gives he states that the currency of Brazil is the milreis, whereas it was changed to the cruzeiro in 1943. One of the reasons for the change was understood to be a desire to simplify the currency and bring it into fine with the U.S. dollar, an interesting fact in view of the letters in the same issue of your paper on "Sensible