Brasília – The Brazilian foreign exchange flow was back to a deficit in the first week this month. Dollar outflows have exceeded inflows by US$ 2.651 billion according to figures released by the Central Bank this Wednesday (11th).
Last month there was a US$ 2.54 billion forex surplus, after five straight on deficits. The result in November was influenced by inbound funds for payment of signature bonuses relating to pre-salt oil exploration auctions at the Libra Field, in the Santos Basin.
In the first week of December, financial operations (including investment in bonds, profit and dividend remittances and foreign direct investment, among other operations) recorded a US$ 2.107 billion deficit, while currency exchange operations relating to exports and imports posted a US$ 544 million deficit.
From January through December 6th, the foreign exchange flow showed a US$ 6.132 billion deficit. The result is due to a US$ 18.604 billion deficit in financial operations. Export and import-related operations are running a US$ 12.473 billion surplus.
*Translated by Gabriel Pomerancblum
