Search results
Results from the WOW.Com Content Network
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.
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 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.
North Peru issued 1 ⁄ 2, 1, and 8 reales, 1 ⁄ 2, 1, 2, 4 and 8 escudos whilst South Peru issued 1 ⁄ 2, 2, 4 and 8 reales, 1 ⁄ 2, 1 and 8 escudos. In 1856, production of all coins ceased. Smaller 1 ⁄ 2 and 1 real coins were introduced in 1858 and 1859, respectively, along with 50 centimos in 1858 and then 25 and 50 centavos in 1859 ...
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 ...
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 Joachimsthaler of the Kingdom of Bohemia was the first thaler (dollar). Dollar is the name of more than 25 currencies.The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives.
Next, it was withdrawn at one patacón (8 reales) in silver or gold for 13 reales in copper.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 ...