International crisis hits Brazil
Negative flow of $4.39 billion this month in Brazil
The Central Bank reported this Wednesday (29) $ 6.1 billion left the country in October until last Friday (24), from the financial account – which records all transactions that are not related with trade balance.
Transiting from “financial account” the applications, and withdrawals of funds from stock exchanges, the remittances of profits and dividends to the outside world and foreign direct investment (FDI) among others.
The withdrawal of the country’s resources through the financial account coincides with the period of crisis in financial markets around the world and also from strong fluctuations in the stock exchange, and the quotation of U.S. dollars in Brazil. Last week, the BC had already confirmed that foreign investors withdrew U.S. $ 4.3 billion of stock exchanges.
Total Movement
The Central Bank also confirmed this Wednesday (29), that the Brazilian trade balance brought U.S. $ 1.73 billion for the Brazilian economy in October, until the 24th (last Friday).
Together, the movement’s financial account and the Brazilian trade balance are all buying and selling dollars of the country with the world – which is known as flow exchange.
Thus, although the international crisis has contributed to the outflow of resources from the financial account, the balance counterbalances this value and the total turnover was negative in a slightly smaller proportion: $ 4.39 billion.
3 Responses to “International crisis hits Brazil”
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it is bad all over the world. Need to prepare for the worst and hope for the best.
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