Abstract
The article describes the invoice currency choice in the Brazilian foreign trade, focusing on the use of the Brazilian real (BRL). The Ministry of Foreign Trade (MDIC) database is freshly used with this purpose. Even the US dollar being far most used in Brazil than in other countries, the BRL use for denominating trade has unusually grown. We categorically move away from the idea that the BRL is not used in Brazilian international trade. Brazilian imports show a larger tendency to be invoiced in non-international currencies than exports. Brazilian trade evidence does not confirm some previous international findings. Albeit being homogenous products, sugar and tobacco are the two main exported merchandise denominated in BRL. BRL use as invoice currency and payment currency do not match.
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