• Categories
  • Archives

Brazil Wants an Easier Way to Send Money Back Home

One of the proposals of the Brazilian government, in New York, at a meeting attended by over 58 heads of state is to give special treatment to money sent by immigrants. The group formed by Chile, Spain, and France and led by Brazil wants the developed countries to adopt measures making it easier for foreign workers to have inexpensive access to financial institutions.

The group formed by Chile, Spain, and France and led by Brazil wants the developed countries to adopt measures making it easier for foreign workers to have inexpensive access to financial institutions


The idea is for immigrants not to have to pay a lot in taxes when remitting funds to their home countries.


“This money is normally used for basic expenses, such as food and housing, and therefore constitutes a secure, alternative sources of funds for developing countries,” states the report delivered at the UN meeting.

According to data from Brazil’s Ministry of Foreign Relations, there are currently over two million Brazilians living abroad, equivalent to more than 1% of the country’s population. Figures from the Central Bank show that approximately US$ 2.6 billion are transferred to Brazil every year.

For Maria Sargento, a Brazilian who has been living in the United States for six years, the money she sends to Brazil has the character of an investment. “I always send money to buy an apartment or a house,” she says.

On the other hand, for Antônio Carlos Almeida, who is 38 and has lived in the state of Connecticut for 15 years, the money he transfers to Brazil serves the family. “I have to help my parents and brothers and sisters,” he points out.

Agência Brasil
Reporter: Paula Menna Barreto
Translator: David Silberstein

Tags:

  • Show Comments (9)

  • Remit2india Service

    Remit2india Money Transfer
    Remit2India, Part of the Times of India group, offers a speedy way to sending money to India.

  • Daniel

    I can help you send money from the US to Brazil at the absolute lowest cost
    I can help you send money from the US to Brazil at the absolute lowest cost. Email me at daniel dot rascoe at gmail dot com.

    Eu posso ajudá-lo a enviar o dinheiro de os EUA para o Brasil com o menor custo absoluto. Passar uma messagem para daniel ponto rascoe aroba gmail ponto com.

  • Kylin

    A great new website for sending money is sharechange.com

  • Guest

    Xoom
    My wife and I always send money from the U.S. to Brazil using http://www.xoom.com We’ve been very happy with their service and they don’t cost as much as Western Union.

  • Guest

    Employemnt in Salsa Cruise in Malaysia
    I need URGENT confirmation that this Salsa Cruise in Malaysia does exist!

  • Guest

    Yes
    I think in some countries one can send up to $5000 USD through the services of the western union..

    I have used it from Malaysia to Brasil

    Best regards!

  • Guest

    best way to send money to brasil
    I need to send my savings from the US to Brazil, but given the low dollar exchange rate I want have it in dollars there. Does anyone know what would be the best way ?
    To send small quantities, I always use western union, but I don’t know if that would work for larger quantities.

  • Guest

    uh
    Its pretty difficult to send money out from where I work in India to brasil

    Almeida

  • Guest

    Salsa Cruise Malaysia
    Iam working with Salsacruise in MALAYSIA and have been able to send money back home in brasil without difficulties..is it difficult any where else??

    Ann

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

US and 17 Other Countries Learn Biofuel Business from Brazil

The growth potential on the foreign market for fuel alcohol dominated the talks at ...

72 Brazilian Congressmen Might Be Expelled for Embezzlement

A Brazilian congressional panel has recommended that 72 House representatives and Senators be expelled ...

Despite Being Illegal 1/3 of All Pregnancies End in Abortion in Brazil

In Brazil, the criminalization of abortion does not reduce the number of instances of ...

Brazilian Press Steps Up Coverage of Global Warming

Newspapers from Brazil are covering climate change more frequently, according to a study published ...

Brazil-USA: Bumpy Road Ahead

I foresee a deterioration of relations between the Bush administration and Lula’s PT version ...

Group Urges U.S. Congress to Punish Brazil for Piracy

Defenders of Property Rights today submitted a letter calling on the U.S. House of ...

Ever So Slowly Brazilian Women Are Catching Up to Their Male Peers

Neither Giselle, nor destitute homeless. A new portrait of Brazilian women emerges from a ...

Should the US Worry With China’s Poaching in Brazil and Venezuela?

As China’s economy soared during the 1980’s, its consumption of foreign oil rose as ...

Brazil’s Foreign Debt Drops, But Still at US$ 169 Billion

Brazil’s international reserves in dollars rose US$ 3.124 billion in January, bringing total reserves ...

The Groups Behind the Immigration-Is-Bad Movement

Stereotypes and labels hinder understanding of the intensifying immigration debate in the United States. ...