Brasília – After running a US$ 942 million surplus in July, the flow of foreign exchange, i.e. the sum of dollar inflow and outflow in the country, is showing a US$ 1.177 billion deficit from August 1st to 10th, as informed by the Central Bank this Wednesday (15th). During the same eight-working-day period in August last year, the flow of foreign exchange showed a surplus of US$ 7.841 billion.
The deficit is a result of both the balance of trade (export and import operations) and financial operations, i.e. investment in bonds, stock, remittance of profits and dividends to foreign countries and other operations. The highest net outflow (inflow discounted) took place in bilateral trade operations (US$ 1.001 billion). Financial operations showed US$ 176 million deficit from the 1st to the 10th this month.
Year-to-date as of August 10th, the flow of foreign exchange had a US$ 22.709 billion surplus, as against US$ 63.5 billion in the same period of last year. Financial operations are running a US$ 3.975 billion surplus and the surplus from bilateral trade operation stands at US$ 18.734 billion.
*Translated by Gabriel Pomerancblum