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Brazil’s Central Bank posts US$16.6 billion profit in 2021

RIO DE JANEIRO, BRAZIL - After posting record profits of R$469.6 (US$90.7) billion in 2020, the Central Bank earned R$85.9 billion in 2021. The National Monetary Council (CMN) yesterday, February 17, approved the institution's accounts for last year.

Of the total R$85.9 billion profit, R$14.2 billion refer to foreign exchange operations, such as swaps (selling dollars in the futures market) and gains with international reserves. The remaining R$71.7 billion correspond to operating profit (gains from the exercise of activity) and will be transferred to the National Treasury by . . .

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