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

Tags:

  • Show Comments (2)

  • Epsilon Eridani

    QUESTIONABLE BOASTING
    Considering the capacity of Brazilian Officials, the iniquitous Masters of Deception, to manipulate data for the sheer sake of boasting, while enhancing the Standing of their leader À¢€“ the À¢€œPlanalto Prince”, the contents of this editorial are scarcely startling!

    Presumably, one would expect that even Machiavelli might be astounded when entertaning the callous deeds committed by the fraudulent Labor Administration…

  • ch.c.

    US$ 148 million deficit recorded in balance of trade operations. (For June)
    Yeahhhhh !

    And…and…and….. Up until July 8th (three business days), the flow of trade ran a US$ 796 million deficit.

    Booming….your exports….as a certain Da Silva, not Joao, cant stop repeating !!!!!!!

    Impressive the lie in view of the real facts.

    Hip Hip Hurrah…for Robbing Hook, the only man on earth revered for his lies.

    😉 😀

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

New Oil Discovery in Brazil May Change Way Petrobras Does Business

The international director of the Brazilian state-controlled oil multinational Petrobras, Jorge Zelada, would not ...

Brazil’s Lula Has Unsurmountable Lead in Sunday’s Election: 22 Points

Luiz Inácio Lula da Silva heads to this Sunday’s, October 29, presidential runoff in ...

Red Light for Interests in US Gives Green Light to Brazilian Bulls

Latin American stocks were mixed to higher, with Brazilian shares gaining, as sluggish U.S. ...

Brazilians Go to the Streets to Shout Against Corrupts: “No, You Can’t”

In Brazil, Independence Day commemorations this September 7, in Brazilian capital Brasília with the ...

World of Aviation Business Gathers in Brazil in Celebratory Mood

The business aviation market is going through a phase of record high growth worldwide, ...

Brazil Will Open Markets, But Very Slowly Reveals Minister

The Brazilian industrial sector does not have any reason for concern with the further ...

Best-seller Books, Plays and Movies

By Brazzil Magazine Da Arte de Subir em Telhados (The Art of Escalating Roofs)—A ...

Brazil Has the Most Entrepreneurs After China and 53% Are Women

Brazil ranks second in terms of number of entrepreneurs among the G-20 nations, a ...

The Three Powers Square in Brasília, Brazil

Brazilian Congressmen Are on Sale But Lula Is Still Haggling

Two weeks ago, gathered in Brasília, close to three thousand Brazilian mayors tried to ...

Brazil Finally Signs World Agreement on Sustainable Fishing

The Brazilian government openly backed the Compliance Agreement of the United Nation's (UN) Food ...