Brazilian Real (BRL)

The Brazilian Real (BRL) is the official currency of Brazil. It was introduced in 1994 as part of the Plano Real, a series of economic measures to stabilize the country’s hyperinflation.

The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil). It is represented in circulation through banknotes and coins. Banknotes are available in denominations of 2, 5, 10, 20, 50, and 100 Reais, while coins are available in denominations of 5, 10, 25, 50 centavos, and 1 Real.

The name “Real” comes from the Portuguese word for “real” or “royal,” symbolizing the currency’s stability and credibility. It is subdivided into 100 centavos, although centavo coins are not commonly used in daily transactions.

The value of the Brazilian Real fluctuates in international foreign exchange markets and is influenced by various factors such as economic indicators, interest rates, inflation, political stability, and global market conditions.

The Brazilian Real is widely accepted and used for both domestic and international transactions in Brazil. It plays a crucial role in the country’s economy, supporting trade, investment, and economic growth. It is also commonly used by tourists visiting Brazil.

The Brazilian Real has been relatively stable in recent years, contributing to Brazil’s economic development and attracting foreign investment. However, it is important to note that exchange rates can vary, and it is advisable to check the rates before conducting any currency exchange or transactions.