Brazil - Brazzil Mag - Dollar Is Flying Away from Brazil
Advertisement
  Home Friday, 27 November 2009 
Main Menu
Home
News
Back Issues
Advertising
Contact Us
Brazil Forum
Magazine
Brazzil Classic
Yellow Pages
Classifieds
Images
BrazzilMag Newsfeed
Custom Search
Amazon Body Care

BetterTrades is here to provide the best stock market education and coaches. Freddie Rick is here to teach you about trading and investment .
--------------

-------------
Brazil /Organic personal skin care wholesale / Brazil
--------------
Using your phone overseas
Who's Online
We have 177 guests online
Latest News
Statistics
Members: 494
News: 11479
Web Links: 0
User Menu
Your Details
Submit News
Check-In My Items
My Comments
Login Form





Lost Password?
No account yet? Register
Most Read
Related Items
Contribution
Have you got news?

Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com.

 
The Latest from Brazzil Magazine
Home
Dollar Is Flying Away from Brazil PDF Print E-mail
Written by Kelly Oliveira   
Friday, 21 November 2008

US dollar In the first half of November, more dollars left Brazil than entered it. The foreign currency inflow into and outflow from Brazil, up to November 14th, generated a negative result of US$ 877 million. This information was disclosed November 19 by the Brazilian Central Bank.

In the same period last year, the inflow of dollars was greater than the outflow, generating a positive result of US$ 3.182 billion. In the accumulated result for the year, the surplus is US$ 11.672 billion, against a positive result of US$ 79.958 billion registered in the same period in 2007.

The currency flow includes financial and trade figures. The financial account shows the inflow and outflow of funds from the stock market, investment in bonds, profit and dividend transfers abroad and foreign direct investment, among other operations. This account is more subject to financial market oscillation and usually becomes negative in moments of economic turbulence.

The commercial account includes trade balance figures (exports and imports) and Advances on Exchange Contracts (ACC) and advance payments for exports (PA), which is financing turned to Brazilian exporters.

The negative result in the month is due to the negative result of the financial account US$ 1.962 billion. Commercial exchanges, in turn, generated a positive result of US$ 1.084 billion in the period, with exports of US$ 5.728 billion, imports of US$ 4.644 billion, US$ 1.368 billion in ACC and US$ 1.169 billion in PA.

In the accumulated result for the year, the financial account posted a negative result of US$ 34.293 billion. The balance of commercial operations was 45.965 billion reais, with exports of US$ 168.817 billion, ACC of US$ 40.718 billion, PA of US$ 41.859 billion and imports of US$ 122.852 billion.

ABr

Hits: 2633
Comments (7)Add Comment
What a joke "In the first half of November, more dollars left Brazil"
written by ch.c., November 21, 2008
When it is in fact more Brazilian Reals....are converted in other currencies !
Somewhat funny for a Brazilian getting the World Highest Bank Deposit Rate, when he prefers to receive a much much much lower rate but in another currency !
Sign of strength or weakness...in Brazil ?
If Brazilians dont trust their currency, why should foreigners trust that currency ??????

If I set up a US$ account at Bank Itau in SP, or at Bank Itau in the Bahamas, or at Deusche Bank in Germany, it wont affect the US$ currency rate if I transfer these US dollars to Wells Fargo in the USA !

TO CHANGE THE VALUE OF A CURREENCY, THERE MUST BE A CONVERSION FROM ONE CURRENCY TO ANOTHER !

But coming from the Disinformation & Propaganda Dept at the Planalto Palacio, next to Lula office, manipulation of reality is the norm.....of course. Unless coming from one or more JUNKIES who got their SP University Degree Certificate....with the purchase of 6 rolls packs of toilet paper ! Such as the new forum member SAGE !!!!!!

smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif
report abuse
vote down
vote up
Votes: +0
...
written by AES, November 21, 2008
Oh great and wise Ch.c tell this four legged ugly toad how is it that an interest rate of 14% is bad for foreign investment. The value of the Real against the Dollar has more to do with the Dollar as a safe haven then it does to fundamental weakness of the Real. This is manifest against all currencies even the Swiss Franc. It stands to reason, barring inflation that if you were to invest $100,000 in a Brazilian bank at 14% that barring inflation the Real at a constant 2.5 to the dollar would produce a secure investment at 14%, much higher than U.S. government bonds at 1% evem after conversion back to dollars.
report abuse
vote down
vote up
Votes: +0
...
written by PThoreson, November 21, 2008
"When it is in fact more Brazilian Reals....are converted in other currencies ! "

Why do you bother wasting your time typing when you so clearly have no clue what you are talking about?

I wish this blog had an "ignore" feature, that way you could be exiled and your ignorance kept from public view.
report abuse
vote down
vote up
Votes: +1
and i though brasil was getting rich off
written by forrest allen brown, November 21, 2008
arab money !!!!!
they are the new bed fellows of the brasilian elite

sell more eggs , iron ore , ties , shoes ,beef , chicken ,

thro in a pig or 2 just for fun
report abuse
vote down
vote up
Votes: +0
you so clearly have no clue what you are talking about?
written by ch.c., November 21, 2008

Certainly more than yours...wether you like it or not !
You dont even have a counter arguments.....because you have none !
What else could be expected from an ignorant like you.
Dont worry, you are not the only junkie here.

No doubt that you are typically for a Nooo Free Speech and Nooo Free Thinkings, just like Chavez and Castro if critics are against them !!!!

Bananas Republics exist all over South America !

You remind me a fairly recent article here when a Brazilian city Mayor stated "nobody has any business saying anything negative about us
And a newstand vendor (similar to you) also said ""As long as you keep talking negatively about the mayor, I am not allowed to circulate your newspaper"

Hope your wish come true !

Anyway....enjoy your pint of ethanol...or your gallon !
report abuse
vote down
vote up
Votes: +0
Ch.C
written by João da Silva, November 21, 2008
you so clearly have no clue what you are talking about?


Did you address your comment to PT Horrible Son? Clue me in please, if you really don't mind. smilies/cheesy.gif
report abuse
vote down
vote up
Votes: +0
What are those dollars really worth?
written by Lloyd Cata, November 23, 2008
Everything is cheap again. Brazillieros are returning on flights from the US but change their minds before trhe plane even lands in Sao Paulo. In mid-flight they see some news that twists their heads. You have to give the Americans credit that they can get you to buy anything. Such is a con game, a pyramid scheme, ....a beautiful woman of biblical proportions. Well, your money is as good with the whore as it is with the banker, no? Both have their charms. one inflates your ego and the other inflates your pockets, but at the end of the night the result is the same.
Do you see that the Muslims are buying sugar and eggs? The dirt poor farmer has more dignity when the sun rises...and maybe more money than he had yesterday.

João
I am working on your answer re Lul and Bolivia...it is on my other machime when I return home. Look for it will possibly interest you greatly.
Ciao
report abuse
vote down
vote up
Votes: +0

Write comment
quote
bold
italicize
underline
strike
url
image
quote
quote
smile
wink
laugh
grin
angry
sad
shocked
cool
tongue
kiss
cry
smaller | bigger

security code
Write the displayed characters


busy




Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Add this social bookmarking functionality to your website! title=
 
< Prev   Next >
Brazzil Magazine on Twitter


Visit Brazzil Social with Video, Music and Chat


Home
Brazzil Magazine - Since 1989 trying to understand Brazil
  • Poor Women from Northeast Brazil Learn Joy of Meeting and Helping Each Other


    Joined hands The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area.

  • Ahmadinejad's Visit: Iran, Honduras and Brazil's Hypocrisy in Dealing With Them


    Ahmadinejad and Lula The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy.

  • Lula Is About to Fulfill His Wish of Getting His Good Friend Chavez in Mercosur


    Lula and Chavez On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil.

  • Denying Education is the Other AIDS. And Brazil Is Guilty of Inflicting It


    Children from a Diadema band Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms.

  • Child Labor Went Down in Brazil, But 5 Million Underage Workers Are Still Way Too Many


    Child labor in Brazil One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis.

  • Some Humility Would Do Lula Good. On Human Rights Brazil Has Long Way to Go


    A prison in Rio de Janeiro, Brazil On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking.

  • Brazil's Amazon Rainforest Policy Is a One-Way Road to Disaster


    Trasamazonian road in BrazilDepletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse.

  • Geisy, Brazil's Miniskirt Student, Should Try US College Next Year


    Geisy Arruda from BrazilGeisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose.

  • Vigilante Groups in Brazil Trump Drug Gangs and Become Rio's New Authority


    Brazilian favela in Rio The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj).

  • Brazil Police Use Press Coverage as Green Light to Kill and Invade Houses in Rio


    Rio police in a favela A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17.  Three policemen died and another two were injured.  This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.