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Brazil's Foreign Exchange Deficit Over US$ 4 Billion This Month PDF Print E-mail
2008 - October 2008
Written by Kelly Oliveira   
Wednesday, 29 October 2008 23:22

US dollar The balance of dollar inflow and outflow in the country until the 24th this month, after 18 business days, was negative by US$ 4.397 billion. The exchange flow figures were disclosed today by the Central Bank of Brazil. During the same period in 2007, the exchange flow was positive by US$ 3.365 billion.

During the period, the balance of financial operations (stock market investment, for instance, direct investment, and remittances of profits and dividends, among others) is negative by US$ 6.131 billion. In the same period of 2007, the figure was negative by US$ 1.770 billion.

The trade flow recorded a surplus of US$ 1,734 billion, with US$ 11.202 billion in exports and US$ 9.468 billion in imports. In the accumulated result for the year, the trade flow surplus remains positive by US$ 12.791 billion, as against US$ 73.618 billion in the same period of 2007.

So far this year, the country is running a financial deficit of US$ 32.214 billion and a trade surplus of US$ 45.005 billion. Exports total US$ 159.832 billion and imports, US$ 114.828 billion.

In the same period of 2007, financial operations ran a surplus of US$ 8.013 billion, and the balance of trade recorded a US$ 65.606 billion surplus.

ABr

Comments (2)Add Comment
Obviously FULL OF ERRORs....ON PURPOSE !!!!! TO HIDE THE TRUTH !!!!!
written by ch.c., October 30, 2008
1) The year to date trade surplus is NOT US$ 45 Billion...but 20 Billion
2) The financial deficit of US$ 32 Billion is in fact the Current Account Deficit.....and it includes the trade balance
3) The year to date Current Account Deficit of US$ 32 Billion is the HIGHEST....ON RECORD !!!!!

smilies/cheesy.gif smilies/grin.gif
Furthermore
written by ch.c., October 30, 2008
and the balance of trade recorded a US$ 65.606 billion surplus for 2007 is also another BRAZILIAN FULL LIE AND PURE INVENTION

Brazilians truly excel at manipulating their own stats !

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