Brazilian real
== 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[edit | edit source]
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[edit | edit source]
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[edit | edit source]
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[edit | edit source]
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[edit | edit source]
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[edit | edit source]
Related Pages[edit | edit source]
Template:Currencies of South America
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