Brazilian Financial Situation Worsens 　　Nearly US$1 billion is flowing out of Brazil's economy and the drastically fluctuating stock market forced the head of the country's central bank, Gustavo Franco, to resign Wednesday. 　　The resignation of Franco was also caused by all social circles' demand to change the current high interest policy and the debt disturbance between the federal and local governments. 　　The index of Sao Paulo stock market dropped 7.63 percent Tuesday, while the price of some major Brazilian bonds issued overseas dropped 6.19 percent. 　　The Brazilian central bank announced its decision to devalue its currency by 8.27 percent. 　　The stock markets in other Latin American countries also kept falling, which was affected by Brazil. 　　 　　 Economicnews 1999-01-14 Page7 Full Story in Chinese