Brasília – The sum of dollar inflow and outflow in Brazil yielded a positive result of US$ 2.255 billion from the 1st to the 7th this month, with five business days. In the same period last year, the flow of foreign currency was positive by US$ 2.178 billion. The data was disclosed today (12th) by the Brazilian Central Bank.
The result was mainly driven by investment in bonds, remittance of profits and dividends to foreign countries, and foreign direct investment, among other operations, which ran a surplus of US$ 2.696 billion, whereas trade operations (export and import contracts) recorded a deficit of US$ 441 million.
In the accumulated result from January until August 7th, the sum of dollar inflow and outflow is US$ 6.19 billion, as against US$ 14.618 billion in the same period of 2008. From January until early this month, the sum of dollar inflow and outflow ran a deficit of US$ 3.364 billion, and a trade surplus of US$ 9.554 was recorded.
The Central Bank also informed that in the first week of August, it purchased a total of US$ 779 million. The dollars purchased become part of the country’s foreign exchange reserves.
*Translated by Gabriel Pomerancblum
