Submit Workplace and Travelex report Brazilian currency shortage

Foreign currency companies report “unprecedented” demand for Brazilian Real as fans prepare for the Planet Cup


Major foreign currency providers have reported “unprecedented” demand for the Brazilian True as England followers put together for the World Cup.

The Post Workplace said it has had to replenish stocks for its eleven,500 branches after running low on the currency, although Travelex explained that it was encountering a temporary shortage at Heathrow and Manchester airports.

Moneycorp explained its bureau operators had been “competing for supply” to meet customer demand.

The Publish Office said it had observed a 400pc increase in revenue of the True above the previous week, compared with the very same period last yr. It has been stocking back up, and currency can be pre-ordered in a branch for following-day collection.

Travelex stated it was doing work to redistribute stock close to its network.

Andrew Brown, of Post Workplace Travel Funds, explained: “The unprecedented demand for Brazilian True suggests that large numbers of football followers will be producing the journey to Brazil to help the England staff.

“Despite the fact that this resulted in a short-term lack of availability of the currency in our branches, we have taken methods to ensure that there are stocks in branches in the coming days.”

Mr Brown said it was also a good idea for visitors to “get a little mix of US dollars, which are extensively accepted all through the country”.

Elvin Eldić, head of United kingdom retail at Travelex, said: “Being one particular of the handful of FX suppliers who stock Brazilian Actual we are seeing unprecedented levels of demand, with income up 1050pc in contrast to the exact same time last 12 months.

“As a result, we are presently encountering a short-term shortage at our Travelex shops in each Heathrow and Manchester airports.

“We are presently operating tough to redistribute stock across our retail network and are expecting a big delivery of Brazilian Actual within the following number of days, in time for fans travelling to Brazil for England’s kick-off towards Italy.”

Mr Eldić added: “We advise all England fans who intend to exchange currency at a single of our stores on arrival in Brazil to get Pound Sterling in money as a lot of level of sale terminals only accept regional credit score and debit cards.

“We would also advise England supporters travelling to Brazil of the daily limit on ATM withdrawals on foreign cards, which is capped at 300 Reals.”