Brazil (Real Plan)

The Real Plan, launched in 1994, was Brazil's strategy to stabilize its economy and control hyperinflation that plagued the country for decades. It introduced a new currency, the Brazilian Real, which replaced the cruzeiro. The plan included measures like fiscal discipline, control of public spending, and promoting foreign investment. By pegging the Real to the U.S. dollar temporarily, confidence in the currency was built. The Real Plan successfully reduced inflation, improved economic stability, and set the stage for Brazil's growth in the following years, significantly transforming the country's economic landscape.