Brazil's Jan-Sept. balance of payments surplus up 18%

Brazil's balance of payments registered a surplus of 34.5 billion U.S. dollars in the first nine months of 2010, up 18.4 percent from the same period last year, the country's Central Bank announced on Monday.

Brazil's current account registered a deficit of 35.1 billion dollars from January to September, up 190 percent year on year. The capital and financial account had a surplus of 70.7 billion dollars, up 80.2 percent, said the Central Bank.

In September, the balance of payments surplus reached 11.6 billion dollars. The current account had a deficit of 3.9 billion dollars, while the financial account registered a surplus of 15.18 billion dollars.

Foreign direct investments reached 5.39 billion dollars in September, up 196 percent year on year, and totaled 22.63 billion dollars in the first nine months, up 28 percent.

The Brazilians' expenses abroad reached record-high of 1.58 billion dollars in September, and also reached record-high of 11.46 billion dollars in the first nine months.

The Central Bank also said, Brazil's foreign exchange reserves reached 275.2 billion dollars by the end of September.
(Source:xinhua)