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The first real was introduced by King Fernando I around 1380. [1] It was a silver coin and had a value of 120 dinheiros (10 soldos or 1 ⁄ 2 libra). In the reign of King João I (1385–1433), the real branco of 3 + 1 ⁄ 2 libras (initially real cruzado [2]) and the real preto of 7 soldos (1 ⁄ 10 of a real branco) were issued.