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Brazil’s Congress passes law authorizing dollar- and euro-denominated bank accounts in Brazil

RIO DE JANEIRO, BRAZIL - The Brazilian Senate approved on Wednesday a bill that authorizes any person to open foreign currency accounts in the country, including dollar and euro accounts. As the bill had already been approved by the Chamber of Deputies in 2020, it now only depends on the presidential sanction to become law.

The initiative was approved by a symbolic vote in the Upper House after the spokesmen of all parties in the Senate expressed their support for the reform of the foreign exchange market in Brazil.

Brazilian President Jair Bolsonaro is expected to sanction it in the next . . .

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