• Categories
  • Archives

Brazil Gets Lowest Inflow of Dollars Since 2008

US dollar Brazil started the year with US$ 84 million greater outflow than inflow of dollars in the first three working days of the month. In 2012, the country had the lowest inflow of dollars since 2008, the peak of the international financial crisis.

Figures disclosed on Wednesday by the Central Bank of Brazil show net inflow of dollars (discounting the outflow) of US$ 16.753 billion last year, much less than the US$ 65.279 billion recorded in 2011.

In 2008, there was greater outflow than inflow of dollars, with a negative balance of US$ 983 million. In September that year, the bankruptcy of North American investment bank Lehman Brothers resulted in a crisis that caused foreign investors to redirect funds invested in Brazil abroad, aiming at covering losses abroad. The crisis also affected investor confidence in emerging-country papers.

Last year, the government feared there would be a “monetary tsunami” caused by the disbursement of funds by developed countries seeking to fight the international economic crisis, stimulating economic activity.

Albeit, the dollar flow to the country was not as great as expected. In 2012, the government adopted measures to contain the inflow of dollars, having an effect on the North American currency, but this strategy was partly reverted at the end of the year.

In 2012, in February, March, April and May, the Central Bank purchased US$ 11.152 billion on the spot market. In March there were also operations in the forward market, for liquidation at a later date (US$ 7.005 billion).

In December, in turn, a period in which each dollar cost as much as R$ 2.10, the Central Bank sold dollars with a re-purchase agreement, for the total of US$ 5.466 billion.

Last year, the reduction of exports was the main reason for the lower inflow of dollars. The trade flow (operations related to exports and imports) recorded a positive balance of US$ 8.373 billion, against US$ 43.950 billion in 2011.

The financial flow (investment in papers, transfer of profits and dividends abroad, and foreign direct investment, among other operations), in turn, resulted in a positive balance of US$ 8.38 billion, also lower than in 2011 (when the balance had been US$ 21.329 billion).

ABr

 

Tags:

  • Show Comments (2)

  • essaytrain

    I’ve been exploring for a bit for any high quality articles or blog posts in this kind of house . Exploring in Yahoo I ultimately stumbled upon this web site.
    essaytrain

  • www.resumecvhelp.com

    http://www.resumecvhelp.com
    [url]http://resumecvhelp.com/[/url]
    Written simply and tastefully. It’s pleasant to read. Thank u.

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

Brazilians Are Not Afraid of Chinese Competition in the Middle East

So as to open the fair calendar in 2006, the Arab Brazilian Chamber of ...

A Who’s Who of Brazil’s Biggest and Best Comes to New York for Business

With the participation of 27 companies, the third Brazil Day in the United States ...

Experts Can’t Agree on Why Hundreds of Penguins Are Washing Up Dead in Brazil

Baby penguins, hundreds of them, swept from the icy shores of Antarctica and the ...

Why Brazilians Should Demand the Renationalization of Petrobras

It is imperative that the Brazilian government follow a major global trend and start ...

Can Brazil’s Gun Buy-Back Plan End Violence?

Marcelo Itagiba’s office is immaculate. His desk is a fine piece of furniture, built ...

Death Squads and Impunity Still Common in Brazil

Brazil is a constitutional federal republic composed of 26 states and the Federal District. ...

Brazil Gets Its Holiday Inn Number 10

Capitalizing on the growing needs of mid-market hotels in Brazil, InterContinental Hotels Group, continues ...

Brazil’s Lula and Venezuela’s Chavez Discuss Amazon Defense

The Brazilian Minister of Foreign Relations informed that, at the work meeting between President ...

Brazil Creates Group to Lobby US Congress and End Ethanol Protectionism

According to Brazil’s ambassador in Washington, Roberto Abdenur, what Brazil and the US need ...

US Gets on DVD Two Masterpieces of Brazil’s Contemporary Drama

City of Men, a television series from the makers of the highly acclaimed Brazilian ...