Regulations for declaring possession and transport of national and foreign currency
The Brazilian Central Bank, pursuant to article 9 of Law 4595 of 31/12/64, hereby makes it public that the National Monetary Council, in a meeting held on 30/07/98, in view of the provisions of Article 65(2) of Law 9069 of 30/06/95, Decided:
Art. 1st - Individuals who enter the country or leave it carrying national or foreign currency funds in an amount exceeding BRL 10,000.00 (ten thousand Brazilian reals) or its equivalent in other currencies, in accordance with section III of paragraph 1 of article 65 of Law No. 9069/95, shall submit a statement declaring the amounts of currency they are carrying in cash, in checks and in traveler's checks to the Internal Revenue Service unit which has jurisdiction over the their place of entry into the country or departure from the country, as established by the Minister of Finance.
Travelers who leave the country carrying foreign currency in cash, in checks and/or traveler's checks above the amount stated in this Resolution, may be asked to submit, within a period to be determined by the Internal Revenue Service:
- proof of purchase of the foreign currency at an authorized bank or other institution authorized to deal in foreign exchange in the country in the amount declared or higher; or
- the declaration submitted to the Internal Revenue Service unit, upon their entry into national territory, of an amount equal to or greater than the amount in their possession; or
- the document proving the receipt in cash and/or traveler's checks by order of payment in foreign currency on their behalf or by the use of an international credit card, if the individual is a foreigner or Brazilian resident abroad in transit in the country.
