Brazil’s Exchange Surplus Reaches US$ 2 Billion

Dollar Brazil's sum of dollar inflow and outflow in Brazil, a.k.a. flow of exchange, recorded a surplus of US$ 1.076 billion in June, according to figures disclosed by the Central Bank of Brazil. This was the third consecutive month with a surplus this year. In June of last year, a deficit of US$ 877 million was recorded.

The result in June was influenced by the US$ 1,223 billion surplus in the flow of finance (investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations), which made up for the US$ 148 million deficit recorded in balance of trade operations.

Up until July 8th (three business days), the flow of exchange remained negative by US$ 672 million, the flow of finance ran a US$ 124 million surplus, and the flow of trade ran a US$ 796 million deficit.

From January until July 8th this year, the flow of exchange also ran a surplus, of US$ 1.993 billion, as against US$ 14.210 billion in the same period of 2008. In the accumulated result for 2009, up until June 8th, the flow of finance recorded a US$ 10.038 billion deficit and the flow of trade ran a US$ 12,032 billion surplus.

The figures disclosed also show that in June of this year, the Central Bank of Brazil purchased US$ 3.247 billion in United States currency. In July, up until the 8th, dollar purchases totaled US$ 133 million. The dollars that are purchased become foreign currency reserves.

ABr

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