Brasília – The sum of dollar inflow and outflow in Brazil (foreign exchange) resulted in a surplus of US$ 8.515 billion from September 1 to 16, the Brazilian Central Bank announced today (21). From January until last Friday (16), the forex surplus reached US$ 68.329 billion, as against US$ 12.936 billion in the same period of 2010.
From September 1 to 16, a US$ 2.614 billion surplus was recorded in investment in bonds, shares, remittance of profits and dividends to foreign countries, and other operations, and the trade balance (export and import operations) showed a US$ 5.902 billion surplus.
Last week, from September 12 to 16, the forex flow recorded a surplus of US$ 395 million. Investment in bonds and shares, and remittance of profits and dividends to foreign countries, among other operations recorded a deficit of US$ 1.191 billion and the trade balance posted a US$ 1.587 billion surplus.
Year-to-date as of last week, investment in bonds and shares, and remittance of profits and dividends to foreign countries, among other operations, recorded a surplus of US$ 33.313 billion. The balance of trade recorded a surplus of US$ 35.016 billion.
The Central Bank also announced that spot market dollar purchases have raised the country’s foreign exchange reserves by US$ 327 million from September 1 to 16. In August, said operations led to a US$ 4.477 billion increase in reserves.
As a result of the recent dollar price hike, the Central Bank halted its purchases of the US currency on September 14, for the first time this year.
According to economists, the recent increase in the price of the dollar against the Brazilian real is the result of nervous speculation in a scenario of international crisis, and the trend is for the US currency to show peaks.
*Translated by Gabriel Pomerancblum
