São Paulo – Brazil’s foreign exchange flow was negative by US$ 3.056 billion in August. According to figures released this Wednesday (3rd) by the Brazilian Central Bank, August was the second consecutive month with a net outflow of US dollars in the country. In July, the forex flow was negative by US$ 1.791 billion.
According to the government news agency Agência Brasil, the flow of financial operations, which comprises profit and dividend remittances, foreign direct investment and investment in bonds, was negative by US$ 1.016 billion. The flow of trade (export- and import-related money exchange operations) was negative by US$ 2.04 billion.
According to the Central Bank, year-to-date through August, Brazil’s forex flow was negative by US$ 700 million. In the same period of last year, the forex flow was positive by US$ 2.238 billion.
*Translated by Gabriel Pomerancblum
