Financial statement will be submitted for consideration by the National Monetary Council at a meeting scheduled for Thursday
March 27, 2024, 6:57 pm
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BRASILIA (Reuters) – The Central Bank recorded a negative result of 114.152 billion reais in 2023, below the loss of 298.494 billion reais observed in the previous year, according to a report published by the monetary authority.
Of the results obtained for the year, a loss of 123 billion reais reflects the impact of exchange rate appreciation in the period on international reserves, partially offset by gains from foreign exchange derivative operations (swaps). The balance of non-exchange-related operations was positive at 8.848 billion reais.
CONTINUES AFTER AD
According to the BC, the financial statement will be submitted for consideration by the National Monetary Council at a meeting scheduled for Thursday.
The legislation defines that any losses of the autarchy must be covered by the National Treasury, after using the reserves and institutional assets of the autarchy, observing the minimum limit for net equity of 1.5% of total assets.
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