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:

You May Also Like

Brazil Uses Satellite to Conclude the Amazon is Larger than the Nile by 50 Km

A new element was injected into the dispute between the Amazon, in Brazil, and ...

Shut Up and Dance

Basic education in Brazil is in chaos. A little more than 30% of students ...

For 50 Years Brazil Has Been at the Forefront of Heart Treatment

Heart surgery in Brazil, especially since the 1950’s, has always adopted techniques similar to ...

Brazil’s Vivo Gets Intellisync for Its Wireless Email

California-based Intellisync Corporation, a leading developer and marketer of wireless email and mobile software, ...

Brazilian Ballet Shoe Maker Dancing on Foreign Floors

Capezio, a traditional Brazilian maker of ballet shoes, shoes, gym and dance clothes and ...

UN Warns Brazil Against Arbitrary Detention and Lack of Legal Assistance

The UN’s Working Group on Arbitrary Detention is raising concerns regarding the excessive use ...

Travelport Workers Raise US$ 200,000 for Brazil’s IT Program for Kids

Young people in the São Mateus district of São Paulo in southeast Brazil will ...

Brazil Signs Accord to Protect Ecosystem

On Tuesday, January 25, in London, Brazil signed the International Convention for the Control ...

In Brazil Human Traffic Gets Help from Authorities

The Latin American Human Rights Institute (Iclei) and the government of Pernambuco are offering ...

Transport Makes Business with Brazil Hard, Say Syrians

Syrian businessmen are interested in buying more Brazilian products. They want to open a ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`