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New foreign exchange law is in force in Brazil

In Brazil, the new foreign exchange law passed at the end of 2021 came into force on December 31, 2022, after regulation by the central bank and the National Monetary Council (CMN). 

According to the central bank, the new law is based on the free movement of capital and the reduction of bureaucracy in foreign exchange market transactions. 

The Central Bank of Brazil argues that the previous foreign exchange legislation, which is no longer in force . . .

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