Cash flow closes out February with a $1.8 billion deficit

Brazil’s Central Bank has reported in February a dollar inflow  larger than the outflow in the country. According to data released on Thursday (Mar. 6), the negative balance reached $1.856 billion last month, after a positive figure in January – $1.610 billion.

This negative figure comes as a result of the commercial flow (import and export exchange operations), which ran a deficit of $2.129 billion last month. The financial flow, in turn, which encompasses security investments, profit remittances, overseas dividends, direct foreign investments, etc. stood at a positive $272 million.

During the two months this year the cash flow reported a negative balance of $246 million, which is considerably lower than the $2.491 billion reported in the first two months of 2013.

Translated by Fabrício Ferreira