Central Bank Registers Record U.S. Dollar Remittances to Brazil

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RIO DE JANEIRO, BRAZIL – With the rise of the dollar, remittances from Brazilians living abroad to relatives in Brazil have broken records. In September, US$293 million in personal transfer revenues were recorded, according to data from the Central Bank (BC). This was the highest figure for the month of September since official records began in 1995. In September 2019, transfers totaled US$248.6 million.

Between January and September this year, US$2.407 billion were remitted to Brazil, an increase of 11.6 percent over the same period in 2019. According to the head of the Central Bank . . .

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