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Brazil’s central bank: Savings deposits continue to decline in March
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Withdrawals exceeded deposits by some 5.38 billion Brazilianreais in March, according to data released by the Banco Central do Brasil on April 6.
This is the thirdmonth in a row with savings withdrawals surpassing deposits in the country, whichhas raised the negative balance in 2016 to 24.05 billion reais, the central banknoted.
As of April 5, US$1 wasequivalent to 3.67 Brazilian reais.