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  • Currency of Brazil: The Brazilian Real

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    The Brazilian Real is the currency of Brazil. It replaced the cruzeiro in 1994 as part of an economic reform plan to end rampant inflation. The Real was initially pegged to the US dollar at a 1:1 exchange rate but has since devalued, currently trading at around 2.28 R$ to 1 USD. Coins come in denominations of 5, 10, 25, 50 centavos and 1 Real, while banknotes are issued in 2, 5, 10, 20, 50, and 100 Real denominations.

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    Report on the Currency of Brazil

    Original Title

    Currency of Brazil

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    The Brazilian Real is the currency of Brazil. It replaced the cruzeiro in 1994 as part of an economic reform plan to end rampant inflation. The Real was initially pegged to the US dollar at a 1:1 exchange rate but has since devalued, currently trading at around 2.28 R$ to 1 USD. Coins come in denominations of 5, 10, 25, 50 centavos and 1 Real, while banknotes are issued in 2, 5, 10, 20, 50, and 100 Real denominations.

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    5 views2 pages

    Currency of Brazil: The Brazilian Real

    Uploaded by

    darkunit
    The Brazilian Real is the currency of Brazil. It replaced the cruzeiro in 1994 as part of an economic reform plan to end rampant inflation. The Real was initially pegged to the US dollar at a 1:1 exchange rate but has since devalued, currently trading at around 2.28 R$ to 1 USD. Coins come in denominations of 5, 10, 25, 50 centavos and 1 Real, while banknotes are issued in 2, 5, 10, 20, 50, and 100 Real denominations.

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    © All Rights Reserved
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    Currency of Brazil

    The Brazilian Real


    The modern real was introduced in 1994, when it replaced the old currency, the cruzeiro, as part
    of the Plano Real, a substantial monetary reform package that aimed to put an end to three
    decades of rampant inflation. At the time it was meant to have approximately fixed 1:1 exchange
    rate with the United States dollar. It has suffered devaluation since then, leaving the Real at a
    value of 1 USD trading at 2.28 R$.
    Symbol :
    R$
    Coins
    5, 10, 25, 50 centavos, R$1
    Banknotes
    R$2, R$5, R$10, R$20, R$50, R$100

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