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Brazil's net capital inflow up 168% in 2011

01-05-2012 09:58 BJT

RIO DE JANEIRO, Jan. 4 (Xinhua) -- Brazil registered a net capital inflow of 65.279 billion U.S. dollars in 2011, up 168 percent from 2010, the country's central bank said on Wednesday.

It was the second highest amount registered in Brazil. Net capital inflow peaked in 2007 before the start of the global financial crisis.

Capital inflow was high at the beginning of the year, prompting the Brazilian government to take measures to curb the excessive inflow, which was partly caused by the fall of the U.S. dollar against the Brazilian real.

Brazil's surging exports, which reached 256 billion dollars in 2011, also contributed to the high inflow of dollars.

The country's financial account registered a net inflow of 21.329 billion dollars in 2011. Though positive, the amount was 18 percent lower than that of 2010.

Trade account figures, on the other hand, had a remarkable improvement, registering an inflow of 43.95 billion dollars compared with an outflow of 1.65 billion dollars in 2010.

Editor:Zhang Hao |Source: Xinhua

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