Dollar Is Flying Away from Brazil

US dollar In the first half of November, more dollars left Brazil than entered it. The foreign currency inflow into and outflow from Brazil, up to November 14th, generated a negative result of US$ 877 million. This information was disclosed November 19 by the Brazilian Central Bank.

In the same period last year, the inflow of dollars was greater than the outflow, generating a positive result of US$ 3.182 billion. In the accumulated result for the year, the surplus is US$ 11.672 billion, against a positive result of US$ 79.958 billion registered in the same period in 2007.

The currency flow includes financial and trade figures. The financial account shows the inflow and outflow of funds from the stock market, investment in bonds, profit and dividend transfers abroad and foreign direct investment, among other operations. This account is more subject to financial market oscillation and usually becomes negative in moments of economic turbulence.

The commercial account includes trade balance figures (exports and imports) and Advances on Exchange Contracts (ACC) and advance payments for exports (PA), which is financing turned to Brazilian exporters.

The negative result in the month is due to the negative result of the financial account US$ 1.962 billion. Commercial exchanges, in turn, generated a positive result of US$ 1.084 billion in the period, with exports of US$ 5.728 billion, imports of US$ 4.644 billion, US$ 1.368 billion in ACC and US$ 1.169 billion in PA.

In the accumulated result for the year, the financial account posted a negative result of US$ 34.293 billion. The balance of commercial operations was 45.965 billion reais, with exports of US$ 168.817 billion, ACC of US$ 40.718 billion, PA of US$ 41.859 billion and imports of US$ 122.852 billion.

ABr

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