Brasília – After two months when US dollar outflows exceeded inflows in Brazil, the country registered a foreign exchange surplus in July at USD 1.297 billion, the Central Bank reported this Wednesday (3).
The result was driven by export/import related foreign exchange operations, which showed a USD 4.092 billion surplus. Financial operations (investment in bonds, profit/dividend remittances to foreign countries, and direct investment in the country, among other operations) had a USD 2.794 billion deficit.
From January to July, a USD 9.111 billion forex deficit was registered, the result of a USD 38.613 billion financial operations deficit and a USD 29.502 billion surplus in export/import forex operations.
*Translated by Gabriel Pomerancblum
