Brazilian Real BRL

The Brazilian real is the official currency of Brazil. One real is equal to 100 centavos. Brazilian real banknotes come in denominations of 1, 2, 5, 10, 20, 50, and 100, while coins are available in 1 real and 1, 5, 10, 25, and 50 centavos.

History of the Brazilian Real

The first Brazilian real was in circulation from 1690 to 1942 and was used by Portuguese colonists. The current real was introduced on July 1, 1994, to stabilize the country's economy.

Interesting Facts About the Brazilian Real

The Brazilian real has gradually become more popular worldwide. In 2016, it was the twelfth most traded currency globally. However, the 2020 coronavirus crisis dealt a significant blow to Brazil's economy, causing the real to reach historic lows against the US dollar.