São Paulo – According to the Brazilian Central Bank, US dollar inflows exceeded outflows in February. As per figures released this Thursday (6th), the foreign exchange deficit stood at US$ 1.856 billion last month, as against a US$ 1.610 billion surplus in January.
The deficit was a consequence of export and import-related exchange operations, which showed a US$ 2.129 billion deficit. Financial operations (investment in bonds, profit and dividend remittances to foreign countries and foreign direct investment, among other operations) posted a US$ 272 million surplus.
In the first two months this year, the forex flow has run a US$ 246 million deficit, as against a US$ 2.491 billion deficit in the same period of 2013. In January and February, trade operations showed a US$ 537 million deficit, and financial operations ran a US$ 291 million surplus.
*Translated by Gabriel Pomerancblum
