Brazilian Real

The Brazilian Real (BRL) is the official currency of Brazil, introduced in 1994 to stabilize the economy and control inflation. It is symbolized as "R$" and is subdivided into 100 centavos. The Real is significant for both domestic transactions and international trade, with its value fluctuating according to market forces. The Central Bank of Brazil manages the currency, influencing its stability and strength against other currencies, like the US dollar. Understanding the Real is essential for anyone engaging with Brazil’s economy, whether for business or travel.