Brasília – Outbound dollars continue to exceed inbound dollars in Brazil. This month, the flow of foreign exchange remains at a deficit, which stood at US$ 2.940 billion from the 1st to the 13th, the Brazilian Central Bank reported today.
Year-to-date through August 13th, the foreign exchange flow ran a US$ 702 million deficit. During this period, investment in bonds, profits and dividends remittances to foreign countries, and foreign direct investment, among other financial operations, recorded a US$ 12.270 billion deficit, while trade-related exchange operations ran a US$ 11.568 billion surplus.
In the first two weeks of September, the deficit originated from bilateral trade, at US$ 3.321 billion. Advances Against Exchange (AAE) operations amounted to US$ 1.244 billion. Advance payments stood at US$ 1.405 billion. These amounts are included in export figures, which amounted to US$ 5.860 billion. Imports stood at US$ 9.181 billion.
*Translated by Gabriel Pomerancblum
