Brazilian real

The Brazilian real (plural: reais; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is responsible for issuing the real.

History

The Brazilian real was introduced on July 1, 1994, during the presidency of Itamar Franco, as part of a broader plan to stabilize the Brazilian economy known as the Plano Real. The real replaced the cruzeiro real at a rate of 1 real to 2,750 cruzeiros reais.

Coins

Brazilian real coins are issued in denominations of 5, 10, 25, and 50 centavos, and 1 real. The coins feature various designs, including notable Brazilian figures and national symbols.

Banknotes

Brazilian real banknotes are issued in denominations of 2, 5, 10, 20, 50, 100, and 200 reais. Each banknote features a prominent Brazilian figure or symbol on the obverse and a representation of Brazilian wildlife on the reverse.

Exchange Rates

The value of the Brazilian real fluctuates in the foreign exchange market. It is influenced by various factors, including economic conditions in Brazil, global commodity prices, and international trade dynamics.

Economy

The Brazilian real plays a crucial role in the economy of Brazil. It is used for all transactions within the country, including trade, investment, and daily purchases. The stability of the real is vital for maintaining economic growth and controlling inflation.

See Also

• Economy of Brazil
• Central Bank of Brazil
• Plano Real
• Cruzeiro real
• Currency