Brazil’s Exchange Flow in the Red by Over US$ 2 Billion This Month

Burning US dollar The total of dollar inflow and outflow in Brazil was negative at US$ 2.163 billion from December 1st to 12, and accumulates a surplus of US$ 3.227 billion so far this year. During the same periods in 2007, surpluses of US$ 4.868 billion and US$ 86.926 billion were respectively recorded. The figures were disclosed this Wednesday, December 17, by the Central Bank of Brazil.

The financial account (inflow and outflow of funds in Stock Exchanges, investment in bonds, remittances of profit and dividends to foreign countries, foreign direct investment, among other countries) for the flow of exchange, which is the most affected at moments of financial crises, posted a deficit of US$ 2.411 billion in the month.

There was also a deficit of US$ 45.041 billion in the accumulated result for the year so far. During the same periods in 2007, surpluses of US$ 2.463 billion and US$ 11.051 billion were respectively recorded.

The commercial account (which includes figures pertaining to the balance of trade, advance on exchange contracts – ACC – and advance payments for exports – PA) posted a surplus of US$ 249 million this month, but the figure was much lower than recorded in the same period of December 2007 (US$ 2.405 billion).

The trade surplus (exports minus imports) was lower partly due to the growth of imports during the month, which totaled US$ 5.062 billion, as against US$ 4.465 billion in the same period of 2007. Exports reached US$ 5.311 billion, as against US$ 6.870 billion in the first ten business days in December 2007.

So far this month, ACCs total US$ 1.828 billion and PAs, US$ 956 million, as against US$ 2.186 billion and US$ 1.722 billion recorded in the same period of 2007, respectively.

So far this year, exports total US$ 181.891 billion; imports, US$ 133.623 billion; ACCs, US$ 44.861 billion; and PAs, US$ 44.030 billion. From January until the first ten business days in December 2007 the figures were: US$ 177.608 billion, US$ 101.734 billion, US$ 44.568 billion and US$ 43.708 billion.

ABr

Tags:

You May Also Like

A ROSE BY ANY OTHER NAME 

All the dirty words you knew existed, but didn’t know where to find. How ...

Au Revoir, Dictionary-Man

Bibliography: By Alessandra Dalevi With characteristic humility Antônio Houaiss used to call himself "a ...

Abbas Holds Long Talk with Brazilian Congressmen

Brazil’s President Luiz Inácio Lula da Silva has sent a congratulatory message to the ...

South Korea Gets Green Light to Open Development Bank in Brazil

The Minister of Foreign Relations of Brazil, Celso Amorim, said yesterday that commercial relations ...

In Brazil, High Interests Are a Rich’s Best Friend

Brazil’s annualized benchmark interest rate of 19.75% – one of the highest in the ...

125 Countries in Brazil Debating Child Sex, Trafficking and Pornography

Close to 3,000 participants from over 125 countries have gathered in Rio de Janeiro, ...

Brazil’s Industrial Production Slows Down

Brazilian industrial production remained stable in April when compared to March, but increase 6.3% ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Plays,  movies &  best-seller books PLAYS Rio Anônima (Anonymous) — A ...

Brazil Reduces Infant Mortality to 24 Deaths per 1000

Brazil has achieved the 2007 year-end infant mortality target of 25 deaths per 1000 ...

Sky’s Not Falling over Mercosur, Says Brazilian Minister

Following his encounter with the Uruguayan Foreign Minister, Reinaldo Gargano, the Brazilian Minister of ...