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The Brazilian real (pl. reais; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos . The Central Bank of Brazil is the central bank and the issuing authority.
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; [13] [14]
The image above depicts a unit of currency issued by the Central Bank of Brazil. According to the Industrial Property Law (Law 9.279 of May 14, 1996), Chapter II Section 124, Brazilian money belongs to the Union, and all the works subsidized by the Union are not their domain ( Law 9.610 of February 16 2008, Title I Article 6 ).
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]
The image above depicts a unit of currency issued by the Central Bank of Brazil. According to the Industrial Property Law (Law 9.279 of May 14, 1996), Chapter II Section 124, Brazilian money belongs to the Union, and all the works subsidized by the Union are not their domain ( Law 9.610 of February 16 2008, Title I Article 6 ).
Pages in category "Currencies of Brazil" The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes. B. Brazilian disease;
The cruzado was the currency of Brazil from 1986 to 1989. It replaced the second cruzeiro (at first called the "cruzeiro novo") in 1986, at a rate of 1 cruzado = 1000 cruzeiros (novos) and was replaced in 1989 by the cruzado novo at a rate of 1000 cruzados = 1 cruzado novo.
The cruzeiro real (‖, plural: cruzeiros reais) was the short-lived currency of Brazil between August 1, 1993, and June 30, 1994. It was subdivided in 100 centavos; however, this subunit was used only for accounting purposes, and coins and banknotes worth 10 to 500 of the preceding cruzeiro remained valid and were used for the purpose of corresponding to centavos of the cruzeiro real ...