President of Central Bank of Brazil Henrique Meirelles has stated that the country has enough foreign currency reserves to help compensate for a drop in international credit lines to the country. So, the bank is planning to offer credit lines in dollars, using funds from its reserves, to domestic banks on Feb. 27, March 13 and March 27. The lines intended to help the companies which have some difficulties with cash to pay foreign obligations, may total $20 billion, said the president. 

Companies have an estimated $36 billion in foreign debt obligations in the period between October 2008 and December 2009, noted Meirelles

Source: Reuters