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 |
No comments:
Post a Comment