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The real (Portuguese pronunciation:, meaning "royal", plural: réis or [archaic] reais) was the unit of currency of Portugal and the Portuguese Empire from around 1430 until 1911. It replaced the dinheiro at the rate of 1 real = 3 + 1 ⁄ 2 libras = 70 soldos = 840 dinheiros and was itself replaced by the escudo (as a result of the Republican ...
Since colonial times, the main currency in Brazil had been the real; first the same as the Portuguese currency, and a separate currency after the country's independence in 1822. On 1 November 1942 the real was replaced by a new currency, the "cruzeiro", officially worth Rs 1$000 ( mil réis , pronounced mirréis ) — which had long been used ...
The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994, during the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real. The new currency replaced the short-lived cruzeiro real (CR$). The reform ...
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]
During the reign of King João I, a new real was introduced, known either as the "real of 3 + 1 ⁄ 2 libras" or the "real branco". With a value of 70 soldos, this was to become the unit of account by the beginning of the reign of João I's successor (King Duarte I) in 1433. Note that in modern Portuguese, the word "dinheiro" means "money".
Not considering inflation, one modern Brazilian real is equivalent to 2,750,000,000,000,000,000 times the old real, that is, 2.75 × 10 18 (2.75 quintillion) réis. Before leaving Brazil in 1821, the Portuguese royal court withdrew all the bullion currency it could from banks in exchange for what would become worthless bond notes; [ 12 ] [ 13 ]
The Portuguese escudo (Portuguese: escudo português, pronounced [(i)ʃˈkudu puɾtuˈɣeʃ]) was the currency of Portugal replacing the real on 22 May 1911 and was in use until the introduction of the euro on 1 January 2002. The escudo was subdivided into 100 centavos.
By the beginning of the reign of King Duarte I in 1433, the Real became the currency unit in Portugal, [25] and remained so up to the 20th century. In January 1430, Princess Isabella of Portugal married Philip III, Duke of Burgundy, Artur Côrte-Real [clarification needed], Count of Flanders. Around 2,000 Portuguese accompanied her, developing ...