BRL – Brazilian Real

Brazilian Real Overview

The Brazilian Real (BRL) is the official currency of Brazil. The currency code for Real is BRL, and the currency symbol is R$.You can easily convert here any currency at Merchant Stronghold.

The Brazilian Real has been Brazils currency since 1994.It was created by the govt. set up that was known as the “Plano Real”. The Plano Real suggests that ” Real Plan” in Portuguese.This was an endeavor by Brazils government to do and stabilize the countries economy that has been in hyperinflation for many years.

This set up faced plenty of skepticism as a result of it had been the seventh intervention by the gov’t and also the fifth currency since 1986.

Eventually, on Feb 23, 1994, Congress passed the FSE, and also the URV was pegged to the U. A yank greenback.Finally, July 1, 1994, Brazil declared its new currency the important ANd formally place an finish to the recent currency the Brazilian monetary unit.

Since 2002, the important has been fluctuating; only in 2007 was it rated above the USD. In 2004, new compound banknotes were launched.

Current Brazilian Real coins and banknotes

Currency Facts

BRL Stats

Name: Brazilian Real

Symbol: R$

Minor Unit:
1/100 = Centavo

Top BRL Conversion:
EUR/BRL

Top BRL Chart:
EUR/BRL Chart

BRL Profile

Inflation: 8.40%

Nicknames: Real

Coins:
Freq Used: R$1, 5, 10, 25, 50

Banknotes:
Freq Used: R$5, R$10, R$20, R$50, R$100
Rarely Used: R$2

Central Bank:
Banco Central Do Brasil
Website: http://www.bcb.gov.br/?english

Users: Brazil

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