Brazil currency: Get information about the BRL currency

Get information about the BRL currency . The Brazilian Real (BRL) is the official currency of Brazil . The symbol of the Brazilian real is R$. Each real (plural: reais) is divided into 100 centavos. The Central Bank of Brazil (Banco Central do Brasil) has the exclusive authority to issue banknotes and coins in Brazil . Coins are issued in denominations ranging from 1 centavo to 1 real. Banknotes are valued from 1 to 100 reais. Officially, it’s called the Real and its symbol is R$. Brazil adopted it in 1994 as a replacement for the chronically unstable Cruzeiro Real, aiming for economic stability. This new currency marked a significant turning point in the Brazilian economy, paving the way for much-needed sustained growth and price stability. Besides the Brazilian real, no other currency is officially accepted in Brazil . There are a couple of reasons why you might be interested to find out the currency in Brazil . Click on the reason that best applies to you below to find out more: Don't use your bank for currency exchange, Find cheaper, faster, and savvier alternatives instead!