Brazilian national currency: name, rate to ruble
The official currency of Brazil is the local real. This monetary unit has passed a long historical path in the process of formation and development of the state. During its existence, the real experienced several denominations, as well as the release into circulation of new samples of paper banknotes and metal coins. In accordance with the international standard ISO 4217, the Brazilian currency unit is designated as BRL.
The history of the real
What currency has been in Brazil over the last centuries? Cash signs in the country changed several times. Back in 1654, during the Netherlands expansion, florin was in circulation. After some time, the real, which became the official currency in 1690, was launched. The name of the currency is associated with the period of colonization of South America in the Middle Ages. In the era of the conquistadors, the Spanish and Portuguese gold coins were called real. Translated into Russian, the name of the currency means "royal".It should be noted that with a short break from 1942 to 1986 in Brazil, the local cruzeiro was used as the official currency, and from 1993 to 1994 it was the cruzeiro real currency unit.
Brazilian money today
What is the currency of Brazil today? Real. The decision to introduce a new national currency was made by the country's leadership in 1994. Thus, the government hoped to stop the rapid economic decline and slow down the devaluation. At the time of its introduction into circulation, the real was equal to one American dollar and was exchanged for the old cruzeiro real currency at the rate of 1 to 2750.
In the first years of its circulation, the new real was a stable and reliable monetary unit, and its quotes against the US dollar did not exceed 1 to 1.20. In many ways, this result was achieved thanks to the efforts of the Central Bank of Brazil, whose competence was to control the exchange rate of the national currency.
Appearance of money
One Brazilian real includes 100 centavos. In circulation there are such coins: one, five, ten, twenty-five, fifty centavos and one real. All Brazil currency notes are made in one design.
The obverse of bills contains the image of the sculpture "The Figure of the Republic". She is a statue of a young woman whose head is decorated with a crown of laurel leaves. This image symbolizes the republic.
The reverse of banknotes contains images of representatives of the fauna typical of the territory occupied by Brazil. In circulation take part denominations of one, two, five, ten, twenty, fifty and one hundred reais.
The first notes of the new Brazilian currency were put into circulation in 1994. Thus, one, five, ten, fifty and a hundred reais bills were printed. In 2001, a new banknote of two reals was introduced into circulation, and a year later twenty paper reais saw the light. In early 2006, the Central Bank of Brazil refused to issue notes in denominations of one real. It should be noted that the already unprinted banknotes of both the reals and cruzeiro remain legal banknotes inside the country. They will be valid until 2025. Until that time, they can be exchanged for valid reals at the current rate.
In the spring of 2000, the Central Bank issued a new ten reais bill. This copy is dedicated to the centenary of the arrival of the Portuguese navigators to the shores of Brazil.These notes are involved in the circulation along with the rest of the real paper notes. The Brazilian Mint produced 250 million commemorative banknotes, which is equal to about half of the notes in circulation with denominations of ten reais.
Exchange Brazilian money
You can exchange any currency for Brazilian reals in the country almost everywhere. The exceptions are small settlements in peripheral regions. It should be noted that a substantial commission is charged for the exchange of foreign currency for reals, which differs in different cities. In addition, it should be remembered that the export of Brazilian currency outside the country is strictly prohibited at the legislative level. At the same time, a high commission is also charged for the reverse exchange of reals for US dollars or euros. These features must be considered when planning a trip to the country.
It is advisable when acquiring reals to ask the operator of the exchange office or bank branch to issue Brazilian monetary units in various banknotes. It will be incidentally to say that on average one tourist day in the not the cheapest city in the world of Rio de Janeiro will cost the equivalent of one hundred American dollars.This number includes the costs of using public transport, food and the purchase of souvenirs. As you can see, the question of what currency in Brazil and what its purchasing power is not so difficult.
It is also necessary to note the fact that in Brazil in most hotels, restaurants and other public places plastic cards of the main world payment systems are accepted for payment. In addition, it is often possible to pay using travel or personal checks.
Brazilian currency exchange rate
In the mid-nineties of the last century, the Brazilian monetary unit underwent a significant depreciation. Some experts saw the reason for this in an uncontrolled influx of capital of foreign origin into the country's economy. At that time, the most effective method of combating devaluation was the participation of the Central Bank in managing the national currency of Brazil. For example, through currency intervention. The lowest quotes of the national currency unit were recorded in 2002. Three years later, the country's leadership took several effective measures to stabilize the situation with the Brazilian currency.These include the rejection of the hard course management of the real.
At the moment, the position of the Brazilian currency inspires some optimism. The real exchange rate against the US dollar is 1 to 0.27, and the Brazilian currency to ruble exchange rate is 1 to 16.66. Exchange rate fluctuations recently insignificant. It should be noted that it is almost impossible to acquire the Brazilian real on the territory of the Russian Federation in official financial institutions.