Brazil used to have capital controls. It seems like it doesn't any more and is aiming for full convertibility: https://www.ibanet.org/The-new-Brazilian-foreign-

Brazil used to have capital controls. It seems like it doesn't any more and is aiming for full convertibility: https://www.ibanet.org/The-new-Brazilian-foreign-exchange-and-foreign-capital-law https://www.ibanet.org/The-new-Brazilian-foreign-exchange-an... , but it's worth thinking about in these systems.