Brasília – The sum of dollar inflow and outflow in Brazil (flow of foreign exchange) resulted in a deficit of US$ 2.345 billion from the 1st to the 19th this month, as informed today (24th) by the Central Bank of Brazil.
The deficit was mostly driven by the flow of finance (investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations), which is running a US$ 3.181 billion deficit.
Export and import exchange contracts and trade sector financing, in turn, have recorded a surplus of US$ 837 million.
In the year-to-date period ended March 19th, the flow of foreign exchange ran a US$ 1.669 billion deficit, as against US$ 4.086 billion in the same period of 2009. In the same period this year, the foreign exchange flow ran a US$ 81 million deficit and the balance of trade recorded a US$ 1.588 billion deficit.
The Central Bank has also informed that spot market dollar purchases have raised the country’s international reserves by US$ 2.413 billion from the 1st to the 19th this month.
*Translated by Gabriel Pomerancblum
