Brazil’s foreign exchange surplus ‘booms’
Those considering property in Brazil could be interested to hear the nation’s foreign exchange surplus for the month has "already surpassed" August’s, it has been reported.
Figures released Wednesday (September 17th) by the Central Bank of Brazil reveal that during the first ten days of September the nation recorded a foreign exchange surplus of $4.329 billion (£2.1 billion), according to the Brazil Arab News Agency.
This figure beats last month’s total of $1.944 billion and is "greater" than the $254 million surplus recorded the same time last year.
According to the news agency the total surplus for 2008 so far stands at a "positive" $18.714 billion.
Meanwhile, it was reported by the news provider this week that the League of Arab States secretary general, Amr Mussa claims Brazil’s economy is showing an excellent performance and the nation is becoming a "true regional power".
He added the League regards the Latin American country’s performance of late with "great admiration".
