Table 1. Annual Emission, Redemption and Outstanding Balance of Avisos de Garantia,
1965-88
Millions of $
______Year______ |
Emission |
Redemption |
Cancellations |
Outstanding Bal. |
1965 |
0.9 |
0.6 |
0.0 |
0.3 |
1966 |
22.8 |
18.4 |
0.4 |
4.4 |
1967 |
21.4 |
23.7 |
0.6 |
1.5 |
1968 |
15.4 |
14.5 |
0.4 |
1.6 |
1969 |
23.3 |
21.6 |
0.4 |
2.9 |
1970 |
46.5 |
46.1 |
0.3 |
2.9 |
1971 |
95.5 |
89.9 |
1.7 |
6.8 |
1972 |
76.8 |
63.1 |
4.1 |
15.8 |
1973 |
192.9 |
192.6 |
1.1 |
15.0 |
1974 |
104.8 |
102.2 |
1.2 |
16.4 |
1975 |
408.3 |
403.4 |
1.1 |
20.2 |
1976 |
155.7 |
149.1 |
0.5 |
26.8 |
1977 |
391.8 |
329.6 |
14.0 |
75.1 |
1978 |
405.9 |
437.8 |
5.5 |
37.6 |
1979 |
160.9 |
163.3 |
12.8 |
22.4 |
1980 |
1,310.6 |
1,031.2 |
5.7 |
304.1 |
1981 |
1,917.0 |
1,990.5 |
11.4 |
273.3 |
1982 |
516.9 |
751.1 |
10.7 |
21.8 |
1983 |
546.2 |
559.2 |
0.4 |
8.4 |
1984 |
628.9 |
608.2 |
5.9 |
23.2 |
1985 |
678.2 |
678.7 |
3.8 |
19.4 |
1986 |
302.2 |
304.5 |
0.3 |
16.9 |
1987 |
134.4 |
136.5 |
1.6 |
13.2 |
1988____________ |
10.8______________ |
19.6______________ |
0.0________________ |
4.4_______________ |
Total_____________ |
8,229.7__________ |
8,142.1___________ |
83.2_____________ |
NA________ |
Source: Bertone, 1992, from data originally compiled by the Federacao Brasileira dos
Exportadores de Cafe (FEBEC).
30
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