Dollar Investment in Brazil Falls by 88%

    Port of Santos, in São Paulo, Brazil

    Port of Santos, in São Paulo, Brazil The balance of financial and commercial transactions between Brazil and foreign countries posted a surplus of US$ 892 million in the month of June so far, after 10 business days, according to preliminary figures disclosed June 18. by the Brazilian Central Bank. During the same period last year, the result was 88.5% higher (US$ 7.821 billion).

    In the accumulated result for the year so far, US$ 16.703 billion have entered the country, as against US$ 42.887 billion during the same period of 2007.

    This month, foreign sales stand at US$ 8.087 billion and purchases total US$ 5.038 billion, resulting in a surplus of US$ 3.049 billion.

    In the accumulated result for the year, the balance of commercial operations (exports minus imports) remains positive at US$ 27.900 billion. Exports reached US$ 86.627 billion, and imports totaled US$ 58.727 billion.

    With regard to financial operations, the balance for June remains negative at US$ 2.158 billion, as a result of a US$ 22.853 billion inflow and a US$ 25.011 billion outflow.

    In the accumulated result for the year, the result remains negative at US$ 11.197 billion, with purchases of US$ 189.445 billion and sales of US$ 200.641 billion. During the same period last year, the accumulated balance of financial operations remained negative at US$ 125 million.

    Bank of Brazil Operation

    Purchase and sale exchange operations by the Bank of Brazil totaled nearly US$ 4 billion in the month of April, according to information disclosed by the press office at the banking institution.

    Financial exchange operations include orders of payment to and from foreign countries, and are conducted at 4,000 branches of Bank of Brazil in the country. Also included are purchase and sale operations performed manually by tourists at authorized agencies.

    The Bank of Brazil is the institution that carried out the most financial exchange transactions in the country in the month of April. The institution processed 45,000 purchase and 20,100 sale operations during the period. In 2007, the bank processed 556,000 financial exchange purchases and 230,000 sales.

    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    Your email address will not be published.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

    Brazil’s Decoration Fabric Firm Wants to Double Exports

    Fabrics produced in Brazil are covering furniture at homes in Saudi Arabia. A company ...

    Brazilian prostitute

    Memories of My Good Friend, a Brazilian Whore

    I had not thought to publicize my stroll through the world of prostitution until ...

    Brazilian writer Paulo Coelho

    Paulo Coelho Talks About Brazil’s Violence and Sounds Gloomy and Hopeless

    Worldwide bestseller and Brazil's best-known writer overseas, novelist Paulo Coelho, the author of The Alchemist, ...

    Playing Safer

    The first cases of AIDS in Brazil were diagnosed in São Paulo and Rio ...

    Brazilians Say It Has Become Harder to Get a Job

    Consumer confidence in Brazil’s situation rose 1.5% in October, in comparison with September, according ...

    Brazil Vows that Mercosur Will Always Come Before the US

    A number of representatives of the Amazon region social movements at the III Meeting ...

    Lula Hints Brazil Might Use Public Money to Rescue Bankrupted Varig

    Brazilian President Luiz Inácio Lula da Silva said Friday, April 28, that the government ...

    Brazil Making Up for Time Lost in Its Relation with Tunisia

    Brazil and Tunisia are looking to expand the cooperation in the information technology area. ...

    The exile for fear of Caio Ferraz

    Three weeks after having received an award from President Fernando Henrique Cardoso for his ...

    Brazil’s Academic Policy Inhibits Research

    Brazilian scientists cannot fulfil their social duty to engage with the public on matters ...