Currencies

Brazil’s Real Slumps on Report Tying Bolsonaro to Bank Scandal

A customer withdraws Brazilian real banknotes.
Photographer: Tuane Fernandes/Bloomberg

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By Giovanna Bellotti Azevedo and Leda Alvim

May 13, 2026 at 6:29 PM UTC

Updated on

May 13, 2026 at 7:21 PM UTC

Leia em português.

Brazil’s currency slumped Wednesday after a news website linked right-wing presidential candidate Flavio Bolsonaro to Daniel Vorcaro, the jailed former chief executive of a bank at the center of a massive fraud probe.