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Brazil’s Senate increases limit on cash taken on trips abroad to US$10,000

RIO DE JANEIRO, BRAZIL - The Senate on Wednesday, December 8, passed Bill 5.387/2019, which establishes the new foreign exchange legal framework. Having been passed by the Chamber of Deputies, the bill will now be submitted to the President for ratification.

There are also measures for individuals. The bill proposes an increase in the limit of cash that travelers may take abroad. Instead of the current R$10,000 (US$1,807), Brazilians will be allowed to take US$10,000 or the equivalent in other currencies.

According to the passed bill, banks may use the money raised to . . .

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