Brazil Gets US$ 2 Billion Forex Surplus and Slows Down Dollar Buys

Brazil and US currencyBrazil’s foreign exchange surplus (Forex), i.e. the sum of dollar inflow and outflow into Brazil, a.k.a. foreign exchange surplus, was positive by US$ 1.917 billion in the first week of February, according to data disclosed by the Brazilian Central Bank.

In the same period of 2009, with five business days, the surplus was lower: US$ 345 million.

The result is mostly due to investment in bonds and in fixed income, and remittances of profits and dividends to foreign countries, which had a combined surplus of US$ 1.517 billion during the period. As for exports, imports and foreign trade financing, the surplus was US$ 400 million.

From January to February 5 this year, the foreign exchange surplus was US$ 2.991 billion, as against a US$ 2,673 billion deficit in the same period of 2009.

During the period, bonds and fixed income investment and remittances recorded a surplus of US$ 2.731 billion, and exports, imports and financing recorded a US$ 260 million surplus.

The data also show that the Central Bank has slowed down the rate of purchase of dollars in the spot market. In the first week of February, US$ 54 million were purchased. In January this year, the result was US$ 1.709 billion.

Tags:

  • Show Comments (0)

Your email address will not be published.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

Brazilian Tractors Are Competing Overseas

Brazil has modernized its industries that produce agricultural machinery and became a competitive exporter ...

Ah!Mazon

Located in the northwest of Brazil, Roraima, which was upgraded from territory to state ...

Wedding Gown

He was good, very good. Good all the time and everywhere. His kindness caused ...

Five Indian Kids Die for Lack of Medical Help in Amazonas, Brazil

In Brazil, the health condition of indigenous peoples in the Javari Valley, west of ...

Brazil’s Gol Adds 40 Boeing’s Next-Generation 737s to Its Fleet

Brazilian airline Gol has ordered 40 Boeing's Next-Generation 737 passenger aircraft. The announcement of ...

Brazil Reaffirms Commitment to Africa

Brazilian President Luiz Inácio Lula da Silva repeated his pledge that Brazil will install ...

The Big Heart of the World’s Most Famous Plastic Surgeon Has Stopped

Celebrated Brazilian plastic surgeon Ivo Pitanguy has died at the age of 90, a ...

Brazil Wants to Re-Nationalize Vale, World’s Largest Iron-Ore Producer

According to Brazil's most respected weekly magazine, Veja, the President of Brazil, Luiz Inácio ...

A soccer fan roots for Brazil in Lebanon

A Lebanon That Speaks Portuguese and Eats Brazil’s Feijoada

It was about six in the afternoon at the home of Lebanese Mohamed Mustafa ...

They Don’t Speak Spanish in Brazil (Excerpts)

The ignorance level regarding Brazil is higher than you might presume. I once spoke ...