Bye, bye, Brazil: Residents take US$1.5 billion per month out of the country

Brazilians increased investments abroad by 50% in the first months of 2021, with worsening scenarios in both politics and economics in the country.

RIO DE JANEIRO, BRAZIL - Brazilians have made more investments abroad in the last five years than in 515 years of history. The stock of resources outside the country is currently around US$45 billion, compared to US$25 billion in 2015. The years of Dilma Roussef's reelection and impeachment were the first leaps after centuries of stagnation at around US$15 billion.

The calculations are from Marcelo Giufrida, from Garde Asset Management, which has R$4.5 billion (US$803 million) under management. The current exchange rate - with the dollar frequently oscillating above R$ 5.50 - has not inhibited . . .

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