Brazilian real

Brazil R$0.01 1997

Brazil R$0.05 1995

10 centavos 1995 02

10 centavos 1995

Brazil R$0.50 1994

Brazil R$01 1994 coin

== 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 currency.

History

The Brazilian real was introduced on July 1, 1994, during the presidency of Itamar Franco, as part of the Plano Real (Real Plan), a set of measures aimed at stabilizing the Brazilian economy. The real replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiros reais.

Coins

Brazilian real coins are issued in denominations of 1, 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 prominent Brazilian figures and cultural elements. The banknotes are designed with various security features to prevent counterfeiting.

Exchange Rates

The value of the Brazilian real fluctuates in the international currency market. It is influenced by various factors, including economic conditions in Brazil, inflation, and interest rates set by the Central Bank of Brazil.

Economy

The Brazilian real plays a crucial role in the economy of Brazil. It is used in all financial transactions within the country and is a key factor in the country's monetary policy. The stability of the real is essential for maintaining economic growth and controlling inflation.

See Also

• Economy of Brazil
• Central Bank of Brazil
• Inflation in Brazil
• Monetary policy
• Currency

Related Pages

• Cruzeiro real
• Itamar Franco
• Central Bank of Brazil
• Economy of Brazil
• Inflation

   This article is a money or currency-related stub. You can help WikiMD by expanding it!