What Currency Should I Take to Brazil

Brazilian flag (Photo: brazil map image by Goran Bogicevic from Fotolia.com )

If Brazil's beaches beckon, it's important to be prepared with the right currency. The South American country, which summons most travelers to Rio de Janeiro and Sao Paulo, boasts a massive coastline and lively cultural attractions. To fully indulge and score the best souvenirs and eats, exchange your dollar bills for some Brazilian reais.

Types of Currency

The currency in Brazil is known as the real (pronounced "hey-al") and is marked by the R$ sign. It has been the country's official currency since 1994, and new notes and coins were introduced in 2010 to help with security issues. The country does not accept other types of currency, so it's important to exchange money or take out local cash when visiting. There are six banknotes in Brazil, ranging from R$2 to R$100. There are also six coins, including a R$1 coin.

Visitors can obtain reais (pronounced "hey-ice") from banks or approved foreign currency exchange shops. You might need to provide your passport when exchanging money. Visitors can exchange up to $3,000 USD, but if you need more than that, proof of why is necessary. Only exchange cash at places authorized by the Brazilian Central Bank (BCB). The exchange rate between the dollar and the real varies, so check with a bank for the current rate.

Credit Cards and Debit Cards

Most restaurants, hotels and shops in Brazil accept international credit and debit cards. Be sure to put a travel notification on your cards before traveling, and keep a copy of relevant phone numbers with you in case of theft. Check ahead of time to see if your bank charges for international ATM withdrawals. It's best to carry a credit card that doesn't charge a foreign transaction fee to avoid unnecessary fees or charges. Money can also be exchanged at ATM machines.

The U.S. Department of State warns that credit card fraud and ATM scams are common in Brazil. Visit only well-known financial institutions, and use indoor ATMs when available. Keep your credit card in sight when it's being run at a hotel or restaurant.

Customs Concerns

While there is no limit to the amount of money visitors can bring in or out of Brazil, anything over R$10,000 requires documentation. Fill out a "Currency Carry-on Electronic Declaration" when carrying in excess of that amount.

Security Warnings

Visitors are advised to use caution when traveling with cash in Brazil. The tourism board recommends being especially careful when opening your wallet or purse. Avoid letting anyone see large bills, and keep only small amounts of money with you each day. Do not keep a wallet in your back pocket, especially in crowded areas, and consider using a money belt under your clothes to hold larger amounts of cash and other documents. Carry only one credit card at a time in case of theft. Report any stolen credit cards or debit cards immediately to your bank.

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Writer Bio

Emily Zemler is a freelance writer and journalist based in London who has traveled the world extensively. She has written about her experiences for USA Today, Fodors, Lonely Planet, Refinery29 and Thrillist.

What Currency Should I Take to Brazil

Source: https://traveltips.usatoday.com/money-currency-brazil-16276.html

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