BRL (Brazilian Real)

外汇网2021-06-19 14:09:39 51

The currency abbreviation symbol for the Brazilian real (BRL), the currency for Brazil. The Brazilian real is made up of 100 centavos and is often psented with the symbol R$. The Brazilian real (plural reais) is regulated by the Central Bank of Brazil's (BCB) Monetary Policy Committee (COPOM).

|||The Brazilian real was first adopted as the official currency in July 1994, replacing the Cruzeiro real at a rate of 1 real to 2750 cruzeiro real. This change was in accordance with the Plano Real ("Real Plan"). In 1994, the real was anchored to the U.S. dollar. This lasted until 1999, when inflationary pssures forced the real to partially float against the dollar.

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