Brasília – The Brazilian Central Bank informed this Thursday (11th) that Brazilian foreign exchange reserves reached an all-time high on Wednesday (10th), at US$ 350.881 billion.
This year, US$ 62.306 billion have been added to the country’s reserves, representing an increase of 21.59%. By the end of last year, the figure was US$ 288.575 billion.
The increase is mainly due to the daily spot market purchases that the Central Bank is making to reduce the vast supply of US currency in the domestic market.
By late July, out of the foreign exchange reserve surplus, which was US$ 346.144 billion, 88%, or US$ 304.692 billion, consisted of bonds.
*Translated by Gabriel Pomerancblum
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