RIO DE JANEIRO, BRAZIL - The phenomenon enabled a large dollar inflow in the first half of the year, which along with the International Monetary Fund (IMF) transfer in the form of Special Drawing Rights (SDRs), were key for the Central Bank to close the year with more international reserves in its coffers.
Despite the government and the Central Bank's satisfaction with the strong dollar inflow, the increase in imports in terms of volume exceeds the level of activity, caused by companies' decision to accumulate stocks ahead of the expected devaluation.
The volume of exports increased by 19.7% year . . .
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