Currency Brazilian real
The Brazilian real (BRL) is the official currency of Brazil, introduced into circulation on July 1, 1994, replacing the previous currency, the cruzeiro real. The introduction of the real was part of a larger economic reform known as the Plano Real, aimed at combating hyperinflation that plagued the country in the 1980s and early 1990s. The real is subdivided into 100 centavos. The currency symbol is "R$", and the ISO 4217 code is BRL. Banknotes are available in denominations of 2, 5, 10, 20, 50, and 100 reais, while coins come in denominations of 1, 5, 10, 25, 50 centavos, and 1 real. The design of the banknotes references themes related to the history and culture of Brazil, and the coins feature various important figures and national symbols. The Central Bank of Brazil, the equivalent of a central bank, is responsible for issuing and controlling the circulation of the currency. Although the Brazilian real is more stable than previous currencies, it is still subject to exchange rate fluctuations against the US dollar and other major currencies, resulting from volatility in financial markets and the Brazilian economy. You can check the current Brazilian real exchange rate at exchange offices on Quantor.pl.