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Originally Posted by robh
If you were nice I would have given you the details of a perfectly legal way to transfer any amount of money which is properly registered with the central bank and would have saved your clients a load of money because of better exchange rates. This isn't some great secret, it is used by a lot of developers so I am surprised that you with your vast amount of experience doesn't know it.
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There are quite a few ways to transfer money out of Brazil, not just the central bank.
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That was you that made that quote wasn't it? First of all I'll let you in on a little secret.... banco central is NOT a bank!!
It doesn't have tellers nor an exchange or "cambio".
Banco Central of Brasil is like the Federal Reserve in the United States, they set the rules and laws that banks must abide by here in Brazil. One couldn't send or recieve money at Banco Central if he tried. I've been to banco central in both Salvador and Recife and have friends that work at both locations that I can and do phone directly whenever I need something. If you have a Brazilian business making a foreign investment in Brazil than you should've gone as well, to register your business and have access to your business online in banco centrals system.....it's called SISBACEN. And you and any partners need to have what is called RDE numbers that are provided to each partner by banco central.....not RNE(registro nacional estrangeiro), that is different. I know of all the methods that exist in Brazil to send/receive money to/from Brazil and there isn't ONE in existance where money is sent or received and the transfer is not registered with Banco Central and the rules of banco central are not applied.
Sending/receiving money to/from Brazil is anything but seemless and/or automated. The recipient or sender of funds internationally plays an active role in finding, liquidating, and justifying transfers both sent and received. It's not like the states or Europe where someone can send you a bankwire and the money just appears in your account....with the exception of small transfers for those that use transfast, and this has just happened within the last 18 months, and once again, for small transfers. It's even more time consuming and bureucratic if one banks at a bank that doesn't have it's own cambio or exchange, in which there are numerous. This requires much footwork on the part of the receiver and in some instances if trying to send internationally from a bank that does not have a cambio it's not even possible.