Central Bank has a loss of BRL 298.5 billion in 2022

After recording a record profit of BRL 85.9 billion in 2021, the Central Bank (BC) had a loss of BRL 298.5 billion in 2022. The National Monetary Council (CMN) approved today (16) the institution’s balance sheet for last year. In 2022, there was a loss of R$ 326.5 billion related to foreign exchange operations, such as swaps (selling dollars in the futures market) and changes in international reserves. This occurs because the dollar fell 5.32% last year, which causes losses when converting exchange operations into reais. R$ 28 billion last year. When adding the exchange rate and operating results, it comes to a loss of BRL 298.5 billion. Due to the 2019 legislation, which regulates the relationship between the Central Bank and the Treasury, the destination of the monetary authority’s profits changed. Of the total damage, the Treasury will have to cover only R$ 36.6 billion with government bonds. Of the remainder, R$ 179.1 billion will be covered with a profit reserve from previous years and R$ 82.8 billion through a reduction in the BC’s equity. 2020, when there was a loss of BRL 33.6 billion. At the time, the Treasury did not need to cover the loss because the Central Bank settled the negative result with previous profit reserves. In 2021, Complementary Law 179 changed the calculation of BC results from half-yearly to annual.

Agência Brasil