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03/23/23 @ExpatUSATravels.  The new law mostly changes the rules for currency traders and people in the export/import business in Brazil, generally making things easier for those businesses.  Except for some relaxation on multicurrency contracts, all payments in Brazil, including at airports, still must be made in Reais.

The only change that most expats (at least those who carry around a lot of cash) will notice is that the new law raises the amount of currency that a traveler can bring into Brazil from abroad without the requirement to declare it on entry to US$10,000 from R$10,000, a significant increase that equalizes it with the US requirement.

Hi

You are now permitted to carry US$10,000.00 or any equivalent in other currency in cash with you when entering Brazil.

The first link does not open, but I truly hope the others are correct. I for one have always found R$10,000 to be ridiculous, even back with the rate of exchange was 1.8 Rais to one US dollar when I first started coming to Brazil. That might have been OK for a short-stay tourist, but for the rest of us, wow, I blew through R$10,000 on two new cabinets for my apartment yesterday. Registration, tax, and insurance on my little car Monday were well over R$10,000. Yes, I know most of us use electronic transfers, but for non-residents, cash or foreign debit/credit cards are still king

03/23/23 @rraypo.  ExpatUSATravels third link, the Demerest one, has an excellent summary.  I only ran into this change myself last night while researching the gold coin question.

Could this acutally be true?
They no longer recognize the BRL in monetary / cash of R$ 10,000 but now using USD instead at airports and or ports. Here is a link from a Brazilian website. Says in 2023 new rules, new law.
Link 1 official



Link 2 official



Link 3 English site



X - valores em espécie em montante superior a US$ 10.000,00 (dez mil dólares dos Estados Unidos da América) ou seu equivalente em outra moeda. swap_horiz
-@ExpatUSATravels

You are reading incorrectly.

What it says is that from now on, the currency cap a Brazilian can leave the country with is USD $10,000 ( R$ 52.982,00  in today's money  ) as opposed to R$ 10,000 ( that's about USD $ 1,887 in today's money ) that was the ceiling you could take in legal tender notes. 

Still a low amount, hence why so many stash hidden cash in their luggage. Which you can circumvent and avoid getting clipped by Receita, if you have decent banking, and don't mind getting clamped on banking fees and exchange rates using your Brazilian VISA/MasterCard debit card. 

Brazil, China, same problems.  At least the Chinese had Hong Kong to whisk the money out of China.

@sprealestatebroker

I read the word "enter" also.

so, people can now enter Brasil with $10k USD or equivalent it appears.

This is huge news.

Started Dec 30th, 2022 as far as I read.

"Limit on Carrying Amounts in Cash. The new law also established the amount of US$10,000 (ten thousand U.S. dollars) or its equivalent in other currencies as the limit above which a person entering or leaving Brazil must declare carrying cash. This limit, currently, is R$10.000.00 (ten thousand reais)."

Translated from gov.br site to English.

Federal Revenue updates passenger customs control rules
The new control limit for cash in and out of the country is increased from R$10,000 to US$10,000.

Get a printout of the Issued Directive in Portuguese while traveling then.  The morons at Receita probably did not even bother to get a memo.