UPDATE 1-Brazil forex inflows at $24.35 bln in 2010

* Brazil forex flows dip $1.91 bln Dec, up $24.35 bln 2010

* Central bank buys $2.113 bln on spot market in Dec.
(Adds year figures, context)

SAO PAULO, Jan 5 (BestGrowthStock) – Brazil’s central bank said on
Wednesday that U.S. dollar outflows (BRCAPF=ECI: ) from the
country totaled $1.910 billion in December.

But for the year, inflows to Latin America’s largest
economy reached $24.354 billion as investors poured money into
one of the world’s fastest-growing economies even as more
developed nations continued to struggle.

Those inflows helped boost the currency, the real (BRBY: ),
by 4.6 percent last year, sparking government worries about the
effects on domestic industry, especially exporters.

The bank also said on Wednesday that it purchased $2.113
billion on the spot foreign exchange market (Read more about international currency trading. ) in the month of
December.

Central bank purchases totaled $41.417 billion for the
year, nearly double the $24 billion the bank bought in 2009.
(Reporting by Silvio Cascione and Luciana Lopez, Editing by
Chizu Nomiyama)

UPDATE 1-Brazil forex inflows at $24.35 bln in 2010