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The Daily Unidade Real de Valor, or URV (Portuguese, Real Value Unit), was a non-monetary reference currency (i.e., non-fiat) created in March 1994, as part of the Plano Real in Brazil. It was the most theoretically sophisticated piece of the Plano Real and was based on a previous academic work by Pérsio Arida and André Lara Resende , the ...
The current real was introduced in 1994 at 1 real = 2,750 cruzeiros reais. The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real.
The Spanish colonial real from the 16th to 19th centuries, with 8 reales equal to 1 peso. The Peruvian real from 1822 to 1863. Initially worth 1 ⁄ 8 peso, reales worth 1 ⁄ 10 peso were introduced in 1858 in their transition to a decimal currency system. The sol or sol de oro from 1863 to 1985, at 1 sol = 10 reales.
During the colonial period, silver coins were minted in denominations of 1 ⁄ 4, 1 ⁄ 2, 1, 2, 4 and 8 reales, with gold coins for 1 ⁄ 2, 1, 2, 4 and 8 escudos. In 1822, a provisional coinage was issued in the name of the Republic of Peru in denominations of 1 ⁄ 4 real, 1 ⁄ 8 and 1 ⁄ 4 peso (equal to 1 and 2 reales) and 8 reales ...
Next, it was withdrawn at one patacón (8 reales) in silver or gold for 13 reales in copper. To meet the need for small change, the government obtained Buenos Aires coins of one-tenth real ( décimos de la ciudad de Buenos Aires ; 24 mm, dated 1822 and 1823), and put about 1·6 million of them into circulation at half face value (Law 17 of 15 ...
Brazil Avenue (Spanish: Avenida Brasil), formerly known as Magdalena [1] or Piérola, [2] is a major avenue in Lima, Peru. It crosses the districts of Lima, Breña, Jesús María, Pueblo Libre, and Magdalena del Mar. It has a total length of forty-two city blocks. [3]
In Spain, doubloons were current for $4 (four duros, or 80 reales de vellón) up to the middle of the 19th century. Isabella II of Spain switched to an escudo -based coinage with decimal reales in 1859, and replaced the 6.77-gram doblón with a new heavier doblón worth $5 (five duros , or 100 reales ) and weighing 8.3771 grams (0.268 troy ounces).
Until 1747 the Brazilian real was the same as the Portuguese real, with the gold peça of 13.145 g fine gold worth 6,400 réis or 6 400. After that date, however, the Brazilian real started to become a separate currency unit when the value of the peça was raised by 10% in Brazil (but not in Portugal) to 7,040 réis . [ 2 ]