São Paulo – Foreign exchange operations in Brazil ran a USD 3 billion surplus in May, with incoming US dollar exceeding outgoing currency, the Central Bank reported on Wednesday (3). Year-to-date through May 29, however, there was a USD 9.6 billion deficit.
May’s surplus followed a USD 1.3 billion deficit in April 2020, and it was the first such result since July 2019, as the novel coronavirus pandemic stemmed dollar outflows.
Outgoing financial operations exceeded incoming ones by USD 882 million. This includes foreign direct and equity investments, profit remittances, and interest payments, among other operations. Brazil ran a USD 3.9 billion surplus in foreign trade.
Translated by Gabriel Pomerancblum
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