Quote:
Originally Posted by robh
If you are thinking of transferring money to Brazil but don't like the exchange rates and fees then click the link below for more information.
Foreign exchange for Brazil property
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Robh,
The government just published a Provisional Bill (MPV 435), originated from the Central Bank, allowing the Real to be internationally traded. That means it will be possible for, for example, an European to buy Reais in his/her home country and send it to Brazil; the transaction will be cheaper and fast. Still will be needed an authorized financial institution to execute it. Probably it will allows to have Future FX between Real and Euro/Pound as well. But that depends on the regulamentation that should be done by the CMN (National Monetary Council) in a near future; But I see no problems there. Another step forward.
The link is below (in Portuguese tough); what matters are articles 7, 8 & 10:
MPV 435
If you look very close, there is a side note by the President (in pencil) saying: "Estou fazendo isto so porque o Robh pediu!" (I'm doing this just because Robh asked for it).
