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Brazil Currency

ISO 4217 code
BRL
Central bank
Central Bank of Brazil
 Website
www.bcb.gov.br
User(s)
Brazil
Inflation
5.84%, 2012
 Source
Central Bank of Brazil
 Method
CPI
Subunit
 1/100
centavo
Symbol
R$
Plural
Reais
Coins
 Freq. used
5, 10, 25, 50 centavos,
R$1
 Rarely used
1 centavo
(discontinued in 2006)
Banknotes
 Freq. used
R$2, R$5, R$10, R$20,
R$50, R$100
 Rarely used
R$1 (discontinued in
2006)
Printer
Casa da Moeda do
Brasil
 Website
www.casadamoeda.
gov.br
Mint
Casa da Moeda do
Brasil
 Website
www.casadamoeda.
gov.br
The real (/reɪˈɑːl/;
Brazilian Portuguese:
[ʁeˈaw]; pl. reais) is
the present-day
currency of Brazil. Its
sign is R$ and its ISO
code is BRL. It is
subdivided into 100
centavos
("hundredths").
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
suffered a sudden
devaluation to a rate of
about 2:1 in 1999,
reached almost 4:1 in
2002, then partly
recovered and has been
approximately 2:1 since
2006. The exchange
rate as of December 31,
2013 is BRL 2.36 to USD
1.00.
In Portuguese the word
real means both "royal"
and "real". The name of
the historic real derived
from the first sense.
The name of the
modern currency is
generally understood to
refer both to the
historic unit and to the
second sense.[citation
needed]
The dollar-like sign
( cifrão) in 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.[3]
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


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