The limit for duty-free purchases for travelers coming to Brazil on land or river will go from $300 to $500 per person on January 1, 2020.
The growth in Brazil’s economy and the reforms attached to it will be sustainable, unlike what happened in the past, said Central Bank President Roberto Campos Neto, who unveiled the bank’s quarter inflation report today (26).
Brazil’s Central Bank started Wednesday (Aug 21) to auction dollars from its international reserves to hold the exchange rate in check. In the morning, $200 million were sold in cash.
The dollar has become more expensive, and Brazilians are spending less overseas. According to figures released today (Mar. 25) by the Central Bank, expenditures in international travel reached $1.302 billion in February, down 7.33 percent from the same period in 2018.