Reais
| Brazilian real | |
|---|---|
| real brasileiro (Portuguese) | |
Reais banknote of the latest series,
announced February 2010. Issued on 13 December 2010. |
|
| ISO 4217 | |
| Code | BRL |
| Number | 986 |
| Exponent | 2 |
| Denominations | |
| Subunit | |
| 1/100 | centavo |
| Plural | Reais |
| Symbol | R$ |
| Banknotes | |
| Freq. used | R$2, R$5, R$10, R$20, R$50, R$100 |
| Rarely used | R$1 (discontinued in 2006) |
| Coins | |
| Freq. used | 5, 10, 25, 50 centavos, R$1 |
| Rarely used | 1 centavo (discontinued in 2006) |
| Demographics | |
| User(s) |
 Brazil
|
| Issuance | |
| Central bank | Central Bank of Brazil |
| Website | www |
| Printer | Casa da Moeda do Brasil |
| Website | www |
| Mint | Casa da Moeda do Brasil |
| Website | www |
| Valuation | |
| Inflation | 2.71% (2017) |
| Source | Central Bank of Brazil, 2016 |
| Method | CPI |
The Brazilian real (Portuguese: real, pl. reais; sign: R$; code), is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority.
The dollar-like sign (cifrão) is the currency's symbol (both historic and modern), and in all the other past Brazilian currencies, is officially written with two vertical strokes (
) rather than one. However Unicode considers the difference to be only a matter of font design, and does not have a separate code for the two-stroked version.
As of April 2016, the real is the nineteenth most traded currency in the world by value.
The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance, as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real. The new currency replaced the short-lived cruzeiro real (CR$). The reform included the demonetisation of the cruzeiro real and required a massive banknote replacement.
At its introduction, the real was defined to be equal to 1 unidade real de valor (URV, "real value unit") a non-circulating currency unit. At the same time the URV was defined to be worth 2750 cruzeiros reais, which was the average exchange rate of the U.S. dollar to the cruzeiro real on that day. As a consequence, the real was worth exactly one U.S. dollar as it was introduced. Combined with all previous currency changes in the country's history, this reform made the new real equal to 2.75 × 1018 (2.75 quintillions) of Brazil's original "réis".
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Wikipedia