Dec 8, 2013

Brazil - International Reserves

The volume of international reserves reached USD 361 million at December 05, a decrease of USD 12 billion compared to the end of 2012, according to data released by the Central Bank of Brazil. The growth in the volume of reserves, as we can see in the chart, has occurred consistently over the past 10 years. The slight decrease in the volume of reserves in 2013 was due to the sale with repurchase agreement the Bank have been practicing to increase the  liquidity to the foreign exchange market, and the volume of reserves should rise as soon as these operations goes to maturity.

Source: Central Bank of Brazil

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