Brasília – The Brazilian foreign exchange surplus, i.e. the sum of dollar inflow and outflow in the country, totalled US$ 2.826 billion up until August 28th. During the same period last year, the figure was lower: US$ 788 million. The figures were disclosed by today (2nd) by the Central Bank of Brazil.
From January until August 28th this year, the surplus was US$ 6.762 billion, as against US$ 13.229 billion in the same period last year.
The foreign exchange flow consists of financial operations (investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations) and trade operations (export and import contracts). From August 1st to 28th, financial operations ran a surplus of US$ 1.904 billion, and trade operations, US$ 923 million.
From January until August 28th, financial operations recorded a deficit of US$ 4.156 billion, and trade operations ran a surplus of US$ 10.918 billion.
The Central Bank also informed that, up until the 28th, it purchased US$ 2.411 billion in the market. The dollars become part of the country’s foreign exchange reserves.
*Translated by Gabriel Pomerancblum
