Brazil - Brazzil Mag - Foreign Currency: Brazil Ended 2008 in the Red
Advertisement
  Home Saturday, 28 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 150 guests online
Latest News
Statistics
Members: 494
News: 11481
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
Foreign Currency: Brazil Ended 2008 in the Red PDF Print E-mail
Written by Stênio Ribeiro   
Friday, 09 January 2009

Dollars pile The green influx of dollars in Brazil has decreased quite a bit. After five years back to back of foreign currency surpluses, more dollars left Brazil than entered last year. The deficit was US$ 983 million last year, according to figures disclosed January 7 by the Brazilian Central Bank (BC).

While the trade exchange, which totals all foreign trade figures, resulted in a surplus of US$ 47.9 billion in the accumulated result for the year, the financial account, which includes operations with capital and services, resulted in a deficit of US$ 48.883 billion.

Although 2008 was a year in which the trade balance result (exports minus imports) was much lower than in 2007, the financial movement of capitals for payment of interest and profit transfer abroad was greater than in the previous year.

Up to September last year, the foreign currency was favorable for Brazil, although at lower rates than in 2007, when the volume of foreign direct investment was registered and the country had a surplus of US$ 87.454 billion.

After the fourth largest investment bank in the United States, Lehman Brothers, filed for chapter 11 bankruptcy and the international crisis worsened, the flow of funds was changed, with foreign investors turning their funds here to covering losses abroad, mainly in the United States, the European Union and Japan.

Due to this, the last three months of the year generated great negative balances: US$ 4.639 billion in October, US$ 7.159 billion in November and US$ 6.373 billion in December.

ABr

Hits: 2111
Comments (2)Add Comment
SO FULL OF LIES...AS USUAL !
written by ch.c., January 10, 2009
BRAZIL 2008 TRADE SURPLUS.... WAS NOT US$ 47,9 billion !

Brazil's Trade Surplus Falls 38%, the Worst in Five Years
Written by Lisiane Wandscheer
Tuesday, 06 January 2009
It was the lowest result since 2003 for the Brazilian balance of trade this past year. Brazil ran a surplus (exports minus imports) of only US$ 24.735 billion in 2008. While exports reached US$ 197.942 billion imports totaled US$ 173.207 billion, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade."


How many times have I said.....cheaters always cheat, liars always lie, hiders always hide ?
How many times have I said.....NEVER EVER TRUST A BRAZILIAN ??????

WELL....proven one more time !

On top of this, Brazil OWES US$ 30 Billion to the U.S. Fed, to be repaid in April, or renewed !

That means that your CURRENT ACCOUNT is DEEP RED for 2008.
I just remind you that by July 2008 your Current Account was already in DEFICIT TO THE TUNE OF US$ 32 billion....
AND GREW UNTIL YEAR END !

Hey...hey !
smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif smilies/cheesy.gif smilies/grin.gif

Your Disinformation & Propaganda Dept at the Presidential Palace, next to Robbing Hook Office, is really quite busy and working
24/7 to disseminate....PURE LIES !!!!!
report abuse
vote down
vote up
Votes: +0
Strengthen Brazil's Economy - (EVFCF)
written by Jonalist, January 14, 2009
If your worried about economic solutions for the people in Brazil, then you need to establish a foundation, I cannot give you more than what I can explain about it for America but in Brazil there are possibilities which are far greater than in America mainly because there is less competition. I understand that economic solutions must come from within and that for Brazil to gain from all the resourceful work of its population there needs to be adequate participation and help from the government. Course in America I am finding it hard to achieve either or both of these solutions and will have to sight it further into the future unless there is adequate participation which I understand must exist to make it work, but it will work. It is a solution which does not demand from the population new vehicle purchases but it relies on technologies which are new and can be improved and developed even before initiating the challenge. I hope you understand what I wrote here, its what you needs to consider: http://jonalist.bravehost.com/articles/evfcf.html. I call it My Project Plan named, "The Electric Vehicle Free Conversion Foundation (EVFCF)". Best of luck, let me know how successful this is to you when you can contact me. I am hoping for the best in America, we got some real time swindling businesses and corporates managing Union work as if they owned the automakers, they got that started when the UAW decided to fight against the automakers in order to build their own Union Worker Insurance Program, now the automakers are in debt to UAW to the tune of over $25 Billion and government is having to bailout automakers and there appears no end to this swindling activity they endorsed, yet government could force feed the Union Workers into accepting a State Medicaid Program instead and require wages to be shrunk. That is the problem, Union Workers will face a issue of non coverage when automakers eventually fail and the UAW will have no jobs for them and this could go on for a long while. Contacting my representatives in government did nothing productive, they are head strong on resistance to the idea and will not listen to more solutions, so they are filibustering and it is hurting the economy in America each day that States lose money which they could have in a Health care Program such as Medicaid without changing much except for private insurance and those Union Insurance Programs that are saturated with to much overhead and legal loop-holes government cannot penetrate to resolve even if the companies they obtain funds from go bankrupt.
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.