By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Measures to simplify the regulation of foreign exchange in Brazil, mentioned on Wednesday,May 29th, by Central Bank President, Roberto Campos Neto, may facilitate the country's admission to the Organization for Economic Cooperation and Development (OECD), according to Central Bank Director of Regulations, Otavio Ribeiro Damaso.

"We have major companies requiring numerous exchange transactions, and each operation needs to follow extensive bureaucracy. We want to review this without losing any level of security in the process," said Damaso.

"Additionally, there are several small obstacles that prevent sending payment orders abroad . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here