Plano Real

The Plano Real was a significant economic plan implemented in Brazil in 1994 to stabilize the country's economy and control hyperinflation. It introduced a new currency, the real, and adopted measures to reduce inflation, such as fiscal discipline and monetary control. The plan aimed to restore confidence in the economy, encourage investment, and promote steady economic growth. By stabilizing prices, the Plano Real helped improve the standard of living and created a foundation for Brazil's economic development in the subsequent years.