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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Brazil foreign reserves up $4.95 bln in May; totaling $333bln

Posted on 03 June 2011

Brazil’s foreign-currency reserves increased $4.95 billion in May compared with the previous month on continued dollar purchases in the foreign-exchange market by the monetary authority, according to figures published on the central bank’s website on Thursday.
Foreign reserves totaled $333 billion as of May 31, up from $328.06 billion at the end of April. In the first five months of the year, reserves grew by $44.5 billion………………………………………..Full Article: Source

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