The Brazilian Central Bank (BC) informed on Thursday (20) that the CMN (National Monetary Council) approved a resolution that simplifies and standardizes procedures of the SML (System of Payments in Local Currency), which brings together Brazil, Argentina, Paraguay, and Uruguay.
According to the Central Bank, this system allows transactions between companies and individuals from these countries to occur in their local currencies.
Among the main changes are:
- the simplification . . .
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