Definition:
The Brazilian real was introduced as the country’s official currency in 1994 as a part of the Plano Real monetary reform. The Brazilian real can be designated as either R$ or BRL and is a comma separated currency (e.g. R$ 100,31). Each Brazilian real can be divided into 100 centavos. As of 2011, the Brazilian real traded with an exchange rate of roughly 1.7 reals to one U.S. dollar.
The Brazilian real was introduced as the country’s official currency in 1994 as a part of the Plano Real monetary reform. The Brazilian real can be designated as either R$ or BRL and is a comma separated currency (e.g. R$ 100,31). Each Brazilian real can be divided into 100 centavos. As of 2011, the Brazilian real traded with an exchange rate of roughly 1.7 reals to one U.S. dollar.