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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.
Libra oil field is a large ultra-deepwater oil prospect located in the Santos Basin, about 230 kilometres (140 mi) off the coast of Rio de Janeiro, Brazil, north of Tupi field. Libra is in the process of being tested and may turn out to be the largest pre-salt find in the basin, ahead of the Tupi oil field , making the largest find since ...
The term originates from libra, the largest unit of the Carolingian monetary system used in Western Europe and elsewhere from the 8th to the 20th century. [2] The Carolingian system is the origin of the French livre tournois (predecessor of the franc ), the Italian lira, and the pound unit of sterling and related currencies.
The livre was established by Charlemagne as a unit of account equal to one pound of silver. [citation needed] It was subdivided into 20 sous (also sols), each of 12 deniers.[citation needed] The word livre came from the Latin word libra, a Roman unit of weight and still the name of a pound in modern French, and the denier comes from the Roman denarius.