Brazilian currency
The official Brazilian currency since 1994 is the Brazilian real (plural reais, sign R$, code BRL).
Through its history, Brazil had a number of other currencies:
- Portuguese real
- Brazilian real (old) (Rs$), pl. réis; from colonial times to 1942
- cruzeiro (first) (₢, Cr$) = 1,000 réis; from 1942 to 1967.
- cruzeiro novo (NCr$) = 1,000 cruzeiros; from 1967 to 1970
- cruzeiro (second) (Cr$) = 1 cruzeiro novo; from 1970 to 1986
- cruzado (Cz$) = 1,000 cruzeiros; from 1986 to 1989
- cruzado novo (NCz$) = 1,000 cruzados; from January 1989 to March 1990
- cruzeiro (third) (Cr$) = 1 cruzado novo; from 1990 to 1993
- cruzeiro real (CR$) = 1,000 cruzeiros; from August 1993 to June 1994
- real (modern) (R$), pl. reais = 2,750 cruzeiros reais; from 1994 to present
Thus, one modern Brazilian real is equivalent to 2,750,000,000,000,000,000 times the old real, that is, 2.75 x 1018 réis.
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