Brasília – Brazil recorded a net capital outflow (inflow discounted) of US$ 4.279 billion in June, according to data disclosed today (7th) by the Brazilian Central Bank. It was the highest figure since December 2008 – the peak of the financial crisis –, when investors withdrew US$ 6.373 billion from the country. In 2010, the Central Bank had only recorded a positive net outflow in February (US$ 399 million). In June 2009, a net inflow of US$ 1.076 billion was recorded, as opposed to the result posted last month.
In June this year, investment in bonds, remittances of profits and dividends to foreign countries and foreign direct investment, among other operations, were the main contributing factors to the result, generating a net outflow of US$ 3.491 billion. As for bilateral trade (exports and imports), the outflow was US$ 788 million.
The Central Bank’s data also show that dollars continue to leave the country this month. In the first two working days of July, the outflow was US$ 735 million. From January until the 2nd of this month, however, the Central Bank recorded a net inflow of US$ 2.628 billion, as against US$ 1.758 billion from January 2009 until the first two working days of July.
The Central Bank also informed that spot market dollar purchases have raised the country’s foreign exchange reserves by US$ 1.92 billion in June. In the first half of the year, purchases totalled US$ 14.069 billion, and in the two working days this month, they totalled US$ 158 million.
*Translated by Gabriel Pomerancblum
