Macroeconomy/Finance

Central Bank reports a record $44.7 billion leaving Brazil in 2019

The outflow of dollars from the Brazilian economy exceeded its inflow by $44.77 (R$180) billion in 2019, the Central Bank (BC) reported. This is the largest net foreign exchange withdrawal since the start of the historical series in 1982. The previous record for net withdrawals had been recorded in 1999 when foreign exchange flow had turned negative at US$16.18 billion.

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Source: The Rio Times