Brazil’s Central Bank Proposes Bill to Modernize Foreign Exchange Market

Among the various improvements, the new bill will allow the safe elimination of excessive bureaucracy currently in force in the process of contracting foreign exchange for import and export.

RIO DE JANEIRO, BRAZIL - According to the Central Bank, the bill "aims to establish a new, more modern, concise and legally secure regulatory framework for the foreign exchange and capital markets in Brazil and for Brazilians abroad".

The PL was sent yesterday to the Chamber of Deputies by . . .

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