Brazilian Real (BRL)

The Brazilian Real (BRL) is the official currency of Brazil. The currency symbol for the Brazilian Real is R$, and its ISO code is BRL. The Real is subdivided into 100 smaller units called centavos. The Central Bank of Brazil is responsible for issuing and managing the country's currency, ensuring the stability of the Brazilian Real.

The name "Real" translates to "royal" in English, and it has historical roots in the Portuguese currency used during Brazil's colonial period under Portuguese rule. The current version of the Brazilian Real was introduced on July 1, 1994, as part of the Plano Real, a set of economic measures aimed at controlling hyperinflation and stabilizing the Brazilian economy. Before the introduction of the Real, Brazil had experienced several different currencies, including the Cruzeiro, Cruzado, and Cruzeiro Real, all of which were severely impacted by high inflation rates.

The Brazilian Real has undergone some periods of volatility due to economic and political factors. Its value has been influenced by global economic conditions, commodity prices (especially oil and agricultural products, which are key Brazilian exports), and domestic fiscal and monetary policies. The Central Bank of Brazil implements monetary policies, such as setting interest rates and intervening in the foreign exchange market, to maintain the stability of the Brazilian Real and control inflation.

Banknotes in circulation for the Brazilian Real are available in denominations of 2, 5, 10, 20, 50, 100, and 200 reais. Coins in circulation come in denominations of 5, 10, 25, and 50 centavos, as well as 1 Real coins.