Brazil’s Dollar Inflow Leaves Country with US$ 29-Billion Surplus

Dollars Brazil ended 2009 with a surplus of US$ 28.732 billion, i.e., there was a net inflow of foreign currency in the country. The data were disclosed by the Brazilian Central Bank (BC), on Wednesday, January 6.

In the previous year, 2008, when the world was faced with the financial crisis starting in mid-September, the result had been negative by US$ 983 million.

In the years that preceded the crisis, dollar inflow in Brazil was stronger than in 2009. In 2007, the exchange flow surplus was US$ 87.454 billion and in 2006, US$ 37.270 billion.

In 2009, the flow of exchange was driven by the financial segment – comprised of investment in bonds, stock market and foreign direct investment, among others.

The financial surplus was US$ 18.808 billion, whereas the trade surplus – which involves export and import contracts – was US$ 9.924 billion. In 2008, the country recorded a financial deficit of US$ 48.883 billion and a trade surplus of US$ 47.9 billion.

In December 2009 alone, the Brazilian foreign exchange surplus was US$ 1.986 billion, as against a deficit of US$ 6.373 billion during the same period of 2008.

Last month, a US$ 3.120 billion financial surplus was recorded, whereas the trade balance posted a deficit of US$ 1.135 billion.

The BC also informed that spot market dollar purchases in December have increased the country’s foreign exchange reserves by US$ 3.486 billion.

Due to the strong dollar inflow into the country, the BC went back to purchasing dollars in May last year. In the beginning of the year, the BC was selling dollars. In the whole of last year, dollar purchases totaled US$ 27.480 billion.

ABr

Tags:

You May Also Like

Brazil to Export 3 Billion Liters of Ethanol This Year

The Arab Brazilian Chamber of Commerce is participating in the International Ethanol Workshop today, ...

Brazil Unbans YouTube, But Steamy Video Is Still Off-Limits

São Paulo judge Ênio Santarelli Zuliani issued a statement today asking Brazilian Internet Service ...

Sodoma and Shangri-La

Full of contradictions, Carnaval in Rio, while exhibiting nude bodies and debauchery explores also ...

Are we hiding our black heritage?

Brazilians should be teaching the world and the US in particular the way to ...

Arabs Buy US$ 380 Million in Building Material from Brazil

Exports of building material from Brazil to Arab countries generated almost US$ 380 million ...

São Francisco Diversion: Brazil Vows Water for All But Elite Will Get It

The implementation of one of the most controversial mega-projects of the Lula government is ...

For Brazilian President-Elect’s Main Ally Party It’s Payback Time

The PMDB (Party of the Brazilian Democratic Movement), Brazil’s ruling Workers Party main ally ...

Brazil to Spend US$ 88 Million on Referendum on Firearms

The Parliamentary Front for a Brazil without Firearms officially launches its campaign, today, in ...

Brazil’s Family Grant, Which Gives Up to US$ 42 a Month, Ahead of Schedule

The Brazilian government’s Bolsa FamÀ­lia program, which makes payments to poor families with incomes ...

BRIC and IBSA Discuss in Brazil World Peace and the Planet’s Future

For a group of cognoscenti from Brazil, Russia, India and China (the BRICs) it ...