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Savings withdrawals in Brazil surpass deposits for 9th straight month

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Savings withdrawals in Brazil surpass deposits for 9th straight month

For the ninth month in a row, savings withdrawals in Brazilsurpassed deposits,according to figures released by Banco Central do Brasil.

Withdrawals outpaced deposits by 2.35 billion Brazilianreais during the month of September, the central bank data showed, bringing theyear-to-date figure to about 48.19 billion reais.

As of Oct. 5, US$1 wasequivalent to 3.23 Brazilian reais.