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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Brazil’s foreign reserves surpass $300 bln for first time ever

Posted on 11 February 2011

From Dow Jones: Brazil’s foreign reserves surpassed the $300 billion mark for the first time ever Wednesday according the country’s central bank, seeing influence from recent heavy foreign exchange inflows and accelerated dollar buying by the institution.
The bank said foreign reserves Wednesday rose to $300.27 billion from $299.8 billion on Tuesday……………………………………….Full Article: Source

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