By Hamilton Ferrari
Brazil has the world’s 7th largest foreign exchange reserve in dollars.
It totaled US$346 billion on Wednesday (April 26), the latest available data.
The Central Bank data show that the amount is 815% higher than the stock registered before President Luiz Inácio Lula da Silva (PT) assumed his first term in office.
The volume went up under Lula’s first two terms in office.
It increased from US$38.8 billion at the end of 2002 to US$85.8 billion at the end of the president’s 1st term and to US$288.6 billion in December 2010, the last month of Lula’s 2nd term.
In the partial 2023, the foreign exchange reserves increased by US$21.3 billion, which represents an increase of 6.6%.
The largest international reserve is China’s, according to Trading Economics data.
It totaled US$3.2 trillion in March, the last available data.
Brazil’s reserves are behind the stocks of Japan, Russia, India, Hong Kong, and South Korea.
It is ahead of Mexico and Turkey.
Brazil’s international reserves peaked on June 25, 2019, during former President Jair Bolsonaro‘s (PL) government, totaling US$390.5 billion.
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