Definition, Meaning & Synonyms

doleiro

Noun

/doˈleɪɾu/

Definition

A term used primarily in Brazil to refer to a money changer, particularly one who operates outside of the official banking system.

Examples

Many businesses in Brazil rely on a doleiro to facilitate international transactions.
After the economic crisis, more people turned to doleiros for better rates on currency exchange.
The police raided several locations suspected of operating as illegal doleiros.

Meaning

The word ‘doleiro’ originates from the informal financial market in Brazil, where individuals buy and sell currency, often taking advantage of exchange rate fluctuations.