Menu
Countryaah.com
  • Europe
    • Countries in the EU
    • Countries in South Europe
    • Countries in North Europe
    • Countries in West Europe
    • Countries in East Europe
  • America
    • Caribbean
    • North America
      • United States
    • Central America
    • South America
    • Latin America
  • Asia
    • Countries in Middle East
    • Countries in East Asia
    • Countries in South Asia
    • Countries in Southeastern Asia
    • Countries in West Asia
    • Countries in Central Asia
  • Africa
    • Countries in Southern Africa
    • Countries in Central Africa
    • Countries in North Africa
    • Countries in East Africa
    • Countries in West Africa
  • Oceania
    • Countries in Melanesia
    • Countries in Micronesia
    • Countries in Polynesia
  • All Countries
    • Starting with A
    • Starting with B
    • Starting with C
    • Starting with D
    • Starting with E
    • Starting with F
    • Starting with G
    • Starting with H
    • Starting with I
    • Starting with J
    • Starting with K
    • Starting with L
    • Starting with M
    • Starting with N
    • Starting with O
    • Starting with P
    • Starting with Q
    • Starting with R
    • Starting with S
    • Starting with T
    • Starting with U
    • Starting with V
    • Starting with W
    • Starting with Y
    • Starting with Z
  • By Subject
    • Airports
    • Business Holidays
    • Country Guides
    • Embassies
    • Country Flag
    • Global Trade Statistics
    • Rankings
    • Import Restrictions
    • United States
    • Population
    • Zip Codes
Countryaah.com

Currency in Brazil

In Brazil, the real is the national currency in the form of banknotes. There are coins under the designation Centavos, where 100 Centavos correspond to one Real. The ISO code is BRL and the designation R $ is used as a common abbreviation.

History of the Brazilian real

From 1690 to 1942, the real was also the currency of Brazil, but was then replaced by the cruzeiro. After years of major inflation problems, a large and comprehensive stabilization program was decided in 1993, which made a new currency necessary, so that in 1994 the real, which is valid today, was reintroduced as the national currency.

With the introduction, a controlled devaluation took place in order to equate the real 1: 1 with the value of the US dollar in order to achieve stability for the currency and thus for the country.

In 1999, however, there was a major currency crisis, a lot of capital was withdrawn from the country and an extreme devaluation of the real by 50% was necessary despite an immense international aid package, in which 40 billion US dollars were raised under the direction of the International Monetary Fund. to help the country. After further devaluations, after reforms and new framework conditions in Brazil, it was not until 2003 that the real finally stabilized.

Currency exchange into the Brazilian real

If you are planning a trip to Brazil, you should refrain from changing your money in real at home, as this usually leads to significant losses. It is also not necessary to make the way to the Sugar Loaf with Real in your wallet, because the most important expenses can be made with US dollars after landing in Brazil. US dollars have to be declared upon entry, but there are no restrictions on importation. At the airport in particular, you have the option of changing the local real back into US dollars at any time.

At international airports and in the exchange offices known as Casa de Cambio, you can exchange foreign money for the Brazilian currency without any problems. This option is also available in the hotel, but in most cases it is an exchange at the most unfavorable exchange conditions. The most attractive ways to get the Brazilian real cheaply are on the one hand the travelers checks, which generally offer the best exchange rate. On the other hand, Brazil offers a good infrastructure in terms of the number of ATMs. There you have the option of withdrawing as much money as you need at any time, especially with credit cards, so that you don’t have to carry huge amounts of cash with you.

It looks different when planning trips to more rural areas of the country. Since there are usually no exchange options there, you should stock up on enough Brazilian currency before such a trip so that you do not end up without money.

Read more:

  • Brazil Population
  • Brazil Airports
  • Brazil Facts
  • Embassies of Brazil
  • Brazil Holidays
  • Brazil Import Restrictions
  • Brazil Major Imports
  • What is the Capital of Brazil? Brasilia
  • Brazil Flag and Meaning
  • Brazil Major Exports

ar العربيةbg_BG Българскиcs_CZ Češtinada_DK Danskel Ελληνικάet Eestifi Suomifr_FR Françaishe_IL עִבְרִיתhr Hrvatskihu_HU Magyarid_ID Bahasa Indonesiait_IT Italianoja 日本語ko_KR 한국어lt_LT Lietuviųnb_NO Norsknl_NL Nederlandspl_PL Polskipt_PT Portuguêsro_RO Românăru_RU Русскийsk_SK Slovenčinasl_SI slovenščinasv_SE Svenskath ไทยtr_TR Türkçevi Việt Namzh_CN 简体中文zh_TW 繁體中文
©2021 Countryaah.com