TABLE - History of Brazil dollar outflows
Reuters, Thursday, October 08, 1998 at 15:05
SAO PAULO, Oct 8 (Reuters) - Brazil's foreign exchange
markets continue to be plagued by dollar flight as global
investors seeking safe haven continue taking U.S. currency out
of the country, dealers said.
The pace of the outflow has slowed in recent days after one
huge dollar inflow was reported on October 1 and another
smaller one on October 6. Foreign payments for recently
privatized Brazilian utility and telephone companies drew in
the fresh cash.
But those two instances are not seen changing the overall
trend of capital flight.
A total $29 billion has fled Brazil since August after
investors, frightened by Russia's currency devaluation, pulled
out of Latin America's biggest economy.
Following is a daily history of dollar outflows to date.
Net outflows in September totaled $18.877 billion, after $12
billion left in August.
Figures for the commercial foreign exchange market are
provided by the Central Bank, while figures for the floating
market are based on market estimates.
Commercial mkt Floating mkt Net
estimated
flows
* Oct 7 -67.035 -124.000 -191.035
* Oct 6 +195.278 -94.000 +101.278
* Oct 5 -206.059 -130.000 -336.059
* Oct 2 -331.485 -349.000 -680.485
* Oct 1 +3,181.950 -395.000 +2,786.950
*September -10,346.511 -8,530.000 -18,876.511
* Sept 30 -13.831 -142.000 -155.831
* Sept 29 -39.650 -415.000 -454.650
* Sept 28 -607.006 -132.000 -739.006
* Sept 25 -230.454 -201.000 -431.454
* Sept 24 -102.905 -205.000 -307.905
* Sept 23 -360.335 -164.000 -524.335
* Sept 22 -462.492 -57.000 -519.492
* Sept 21 -349.356 -169.000 -518.356
* Sept 18 -277.661 -175.000 -452.661
* Sept 17 -19.593 -188.000 -207.593
* Sept 16 -357.891 -220.000 -577.891
* Sept 15 -144.034 -208.000 -352.034
* Sept 14 -368.547 -529.000 -897.547
* Sept 11 -948.905 -753.000 -1,701.905
* Sept 10 -1,444.514 -815.000 -2,259.514
* Sept 9 -800.472 -342.000 -1,142.472
* Sept 8 -632.580 -253.000 -885.580
* Sept 4 -1,127.193 -1,798.000 -2,925.193
* Sept 3 -694.158 -635.000 -1,329.158
* Sept 2 -703.711 -459.000 -1,162.711
* Sept 1 -653.481 -670.000 -1,323.481
* August - 8,989.000 -3,012.000 -12,001.000
NOTE: All figures are in millions of dollars.
Minus signs (-) indicate outflows and plus signs (+)
inflows.
sao.paulo.newsroom@reuters.com))
Copyright 1998, Reuters News Service |
