Brazil central financial institution proposes invoice to modernize Forex market – Reuters

BRASILIA, Oct 7 (Reuters) – Brazil’s central financial institution on Monday sent a invoice to Congress which aims to modernize, simplify and increase the versatility of the country’s international exchange market, it said in a press launch.

The central financial institution pointed out that the invoice, which consolidates more than 40 legal provisions relationship back to 1920 into just one single regulation, will improve Brazil’s business enterprise natural environment and is also “a fundamental action in the direction of convertibility of the actual.” (Reporting by Marcela Ayres and Jamie McGeever Modifying by Catherine Evans)

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