São Paulo – United States dollar outflows have exceeded inflows in May in Brazil. According to partial monthly results released this Wednesday (28th) by the Central Bank, U$S 1.47 billion have left the country from May 1st through 23rd.
During the period, export- and import-related foreign exchange operations showed a US$ 506 million deficit. Financial operations including remittance of profits and dividends to foreign countries, foreign direct investment and investment in bonds, among others, saw a net outflow of US$ 970 million.
According to the Central Bank, year-to-date through May 23rd, the forex flow is running a surplus of US$ 3.365 billion. Of those, US$ 2.234 billion concern export/import operations, and US$ 1.131 billion concern financial operations. The only other month this year in which dollar outflows exceeded inflows was February, when US$ 1.856 billion left the country.
*Translated by Gabriel Pomerancblum
