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

    Dollars

    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:

    • 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    Your email address will not be published.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

    Arab – South America Union Is Just Starting, Says Kirchner in Brazil

    The President of Argentina, Néstor Kirchner, said yesterday that the markets of both South ...

    Brazil’s Lula and Argentina’s Kirchner Talk About Mercosur’s Viability

    The leaders of Argentina and Brazil are meeting in São Paulo, in the Brazilian ...

    Shock Treatment

    Brazil needs a major and radical government change to be able avoid an economic ...

    Dollar invasion in Brazil

    Amid Growing Inflation Brazil Ups Taxes on Foreigners and Warns Against Currency War

    Brazilian economists in a weekly central bank survey raised for a fifth straight week ...

    Brazil’s Latest Landless: The Indians

    Federal Police officers helped by three army helicopters removed some 700 Indians from a ...

    In Brazil, It’s Three Beers or Your Life

    Bribe fishing, is nothing new in Brazil, having been incorporated into Brazilian culture decades ...

    Brazil to Break AIDS Drugs Patent? ‘All Bluff.’

    Brazil’s executive president of the Pharmaceutical Industry Association (Interfarma), Gabriel Tannus, says that Brazil ...

    Brazil Is Betting Disarming Will Lower the Killing

    More than 40,000 people in Brazil are killed each year by firearms. The problem ...

    Brazilian workers

    Reducing Work to 40 Hours a Week in Brazil Without Lowering Wages Is Smart and Fair

    To transform the unequal and unjust structures of our society was always one of ...