O federal Senate approved changes to the rules that define the limit of money that travelers can take abroad. The same goes for the money brought into Brazil.
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The project was approved by the Chamber of Deputies and the Senate. Now it goes to the sanction of President Jair Bolsonaro. If signed, the new legal framework for the exchange becomes law on the date of publication of the text in the Official Gazette
money abroad
Under the new proposal, banks and other financial institutions in Brazil will be able to invest abroad the resources that were raised here in the country or abroad. The new measure should facilitate the use of the real in transactions between countries.
With the changes, it will be possible to use Brazilian money to allocate, invest and even lend in national or foreign territory. The new limits were regulated by the National Monterrio Council and also by the Central Bank.
According to the text, the intention is to reduce the barriers that hinder the export and import of goods and services. Thus, the Brazilian economy should benefit from the exchange between countries in a less bureaucratic way.
Advantages also for tourists. By text, travelers will have more cash limit to enter and leave the country. It goes up from the current R$ 10,000 to the equivalent of US$ 10,000.
That way, within the limit of $500 in any currency you will be allowed to buy or sell. Still according to the federal government, the project should increase acceptance of the real in other countries.
This is because the forecast is to include permission to receive payment orders from third parties abroad for accounts in reais held in Brazil, even through foreign banks.
