Bras\u00edlia \u2013 The inflow of dollars in Brazil exceeded the outflow by US$ 5.622 billion from March 1st to 16th, according to figures disclosed this Wednesday (21st) by the Central Bank (BC). From January 1st until March 16th, the surplus amounts to US$ 18.609 billion, including a US$ 7.283 billion surplus in January and US$ 5.705 billion in February. Last year, during the same period, the surplus was much higher, at US$ 34.66 billion. In other words, from January 1st to March 16th this year, there was a 46.31% decline in the surplus compared with the same period of 2011.<\/p>\n
This month, investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations, have shown a US$ 561 million surplus. The flow of trade, i.e. export and import operations also showed a surplus, at US$ 5.061 billion.<\/p>\n
The strong flow of dollars into the country has forced the government to adopt measures aimed at protecting the real (Brazilian currency). Modifications in the period required for the 6% Tax on Financial Operations (IOF) to be levied on foreign loans, for instance, caused the dollar to go up to approximately 1.80 real.<\/p>\n
In early March, the period for the tax had been increased from two to three years; this month, it was raised once again to five years. In practical terms, this means the money will have to stay in the country longer to avoid taxation, discouraging short-term money. <\/p>\n
*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
The figure represents the net inflow of foreign currency in Brazil up until the 16th of March, according to the Central Bank.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-40978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The figure represents the net inflow of foreign currency in Brazil up until the 16th of March, according to the Central Bank.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=40978"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/40978\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=40978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=40978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=40978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}