Real is the currency of which country?

Key Points

• Brazil uses the Real as its currency.
• The Real (sign: R$; code: BRL) was introduced in 1994 as part of the Plano Real (Real Plan) to stabilize the Brazilian economy.
• It replaced the old currency, the Cruzeiro Real, at a rate of 1 Real = 2,750 Cruzeiros Reais.
• The currency is managed by the Central Bank of Brazil, which is responsible for issuing banknotes and coins.
• Brazilian Real banknotes come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reais, while coins are available in 1, 5, 10, 25, 50 centavos, and 1 Real.

Additional Information

• Brazil is the largest country in South America and the fifth-largest country in the world by both area and population.
• It is known for its diverse culture, vibrant cities, and iconic landmarks such as the Amazon Rainforest and Christ the Redeemer statue in Rio de Janeiro.
• The official language of Brazil is Portuguese, making it the largest Portuguese-speaking country in the world.
• Brazil's economy is one of the largest in the world, with significant contributions from agriculture, mining, manufacturing, and services sectors.
• Brazil is a member of various international organizations, including the United Nations, G20, BRICS, and Mercosur.