Brazilian real

The Brazilian real (pl. reais; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994.

As of April 2019, the real was the twentieth most traded currency.

Currencies in use before the current real include:

* The Portuguese real from the 16th to 18th centuries, with 1,000 réis called the milréis.

* The old Brazilian real from 1747 to 1942, with 1,000 réis also called the milréis.

* The first cruzeiro from 1942 to 1967, at 1 cruzeiro = 1 milréis or 1,000 réis.

* The cruzeiro novo from 1967 to 1970, at 1 cruzeiro novo = 1,000 first cruzeiros. From 1970 it was simply called the (second) cruzeiro and was used until 1986.

* The cruzado from 1986 to 1989, at 1 cruzado = 1,000 second cruzeiros.

* The cruzado novo from 1989 to 1990, at 1 cruzado novo = 1,000 cruzados. From 1990, because of the Plano Collor it was renamed the (third) cruzeiro and was used until 1993.

* The cruzeiro real (CR$) from 1993 to 1994, at 1 cruzeiro real = 1,000 third cruzeiros.

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