Front and back of bank notes worth 1000 pesos from Chile

Money Matters: Exchange Rate Update

Money is everyone’s concern, especially when traveling overseas, and getting accustomed to foreign currency, knowing where and when to change it, and calculating what things cost can be challenge even when it’s a country you know well. That’s why paying attention to exchange rates is extremely important.

SESC and the City

Created in 1946, SESC is a private nonprofit organization whose role – to improve workers’ lives via access to education, culture, health, and recreation – is included in the Brazilian constitution and whose funding is assured by a 1.5 percent payroll tax imposed on Brazilian companies.

Argentines’ Dollar Crisis Deepens

While flying from Buenos Aires to Santiago in 2002, Wayne Bernhardson found himself seated next to an Argentine, bound for New York on business who, because his government had frozen bank accounts, found himself cashless. Now, ten years later, history may be repeating itself for foreign-bound Argentines.

Capivaris currency

Will That Be Cash or Capivaris?

Most foreigners who travel to Brazil are aware that the country’s currency is the mighty ‘real’ (which, tourists will be glad to know, has recently lost some value against the U.S. dollar). Few, however, suspect that there are presently over 60 legal currencies in circulation throughout the country.

A pile of loosely scattered real bills.

The World’s Most Overvalued Currency

Since 2003, the value of Brazilian real has increased 122 percent against the once mighty dollar. As a result, many things (bus fare, beer, life in general) are slowly, but surely, getting more expensive.