The Central Bank (BC) recorded a positive result of R$ 85.9 billion in 2021, the autarchy informed this Thursday (17), noting that R$ 71.7 billion of this total will be transferred to the National Treasury until March 7 .
Congress approved a change in the rules on the relationship between the BC and the Treasury in 2019. The autarchy’s profit is no longer fully transferred to the Treasury. The new format foresees that the result of foreign exchange operations is destined to a reserve in the Bacen itself, while non-exchange operations continue to be destined for the Treasury.
Of the result obtained in the year, 14.2 billion reais refer to foreign exchange operations. The balance of non-exchange operations stood at 71.7 billion reais. The financial statement was approved by the National Monetary Council.
In a note, the BC said that it adopted new operations in 2021 “in line with modern international practices”. Among them, there are interest-earning time deposits, which had a balance of 7 billion reais until December 31.
The so-called financial liquidity lines, loans guaranteed by financial assets, had a balance of 1 billion reais in the period.
According to the BC, the financial statements for the year were approved without reservations by an independent auditing firm.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
