By Lise Alves, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The uncertainties of the new administration as well as the appreciation of the U.S. dollar in relation to the Brazilian real led many Brazilians to reduce their spending abroad in November, according to Brazil’s Central Bank (CB).
Foreign expenses registered by Brazilian travelers decreased by thirteen percent from the same period last year, totaling US$1.385 billion.
According to officials, the average dollar exchange rate in November was R$3.79 . . .
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