Fri, Apr 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance, Reserve Currencies

Brazil foreign exchange reserves drop $4.25 bln in May

Posted on 05 June 2013

Brazil’s foreign currency reserves in May fell $4.25 billion to $374.42 billion from $378.66 billion in April, the Central Bank of Brazil said on its website late Monday.
According to economists, the decline likely occurred due to an adjustment in the prices of assets held, such as U.S. Treasurys, which make up the larger part of Brazil’s foreign reserves. The central bank doesn’t comment on the performance of foreign reserves. So far this year, foreign reserves have fallen $4.2 billion. They ended 2012 at $378.6 billion………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930