The Brazilian Real (currency)

The Brazilian Real (BRL) is the official currency of Brazil, symbolized as R$ and divided into 100 centavos. Introduced in 1994 to stabilize inflation, it functions as the country's primary medium of exchange for goods, services, and investment. Its value fluctuates based on economic factors like inflation, interest rates, and government policies. The Real plays a crucial role in Brazil's economy, influencing everyday transactions, international trade, and investor confidence. As a flexible and evolving currency, it reflects Brazil's economic health and development strategies.