Brazil: Dollar Inflow Falls Dramatically from US$ 85 Bi to US$ 5 Bi

Brazzil Magazine covers

Counting US dollar Brazil's flow of exchange (the sum of dollar inflow and outflow into Brazil) remained positive at US$ 7 million in the first week of December and accumulated US$ 5.397 billion this year.

The figures are much lower than the ones recorded during the same periods last year: US$ 2.660 billion and US$ 84.717 billion, respectively. The figures were disclosed today by the Central Bank of Brazil.

In the first five business days of the year, the financial account (recording of capital inflow and outflow at Stock Exchanges, investment in bonds, remittances of profits and dividends to foreign countries, foreign direct investment, among other operations) was negative at US$ 1.081 billion.

And the trade account, which includes balance of trade, advances on exchange contracts – ACC – and advance payment Advance on Export Contracts – ACE, ran a surplus of US$ 1.088 billion.

So far this year, the financial flow recorded a negative result of US$ 43.711 billion, as against a surplus of US$ 10.765 billion during the same period last year.

The trade account posted a US$ 49.107 billion surplus, as against US$ 73.952 billion in the same period last year. Exports totaled US$ 179.642 billion and imports reached US$ 130.535 billion. In the same period last year, the figures were, respectively, US$ 173.346 billion and US$ 130.535 billion.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Threatens China with 35% Surtax on Shoes

Brazil is studying the possibility of slapping a 35% surtax on foorwear imports from ...

Brazzil Magazine covers

GDP – Brazil’s Gross Disappointing Product

GDP growth is a bit of an obsession in Brazil. You can’t attend a ...

Brazzil Magazine covers

Bosch Opens Anti-Lock Breaking System Factory in Brazil

Bosch is going to open an Anti-Lock Breaking System (ABS) factory in Brazil. The ...

Brazzil Magazine covers

Brazilian Industry Laments Palocci’s Resignation and Calls for Serenity

Brazil’s National Industrial Confederation (CNI) lamented this Monday, March 27, the resignation of Antonio ...

Brazzil Magazine covers

The Good Life of a Brazilian Chicken While Search Goes on for Super Bird

It eats little and gains weight quickly, it has large breasts and legs, is ...

Brazzil Magazine covers

Brazil’s Lack of Nobels Has No Genetic Basis. Blame It On a Faulty Education

Oscar Niemeyer, Adib Domingos Jatene, Ivo Pitanguy are the exceptions. Very rare are our ...