What is Brazilian Real (BRL)?

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The **Brazilian Real (BRL)** is the official currency of the Federative Republic of Brazil, introduced on July 1, 1994, as part of the Plano Real to stabilize the economy and successfully end a period of hyperinflation, with its value and monetary policy managed by the Central Bank of Brazil (Banco Central do Brasil). The BRL is one of the most actively traded currencies in Latin America, designated by the symbol R$ and subdivided into 100 centavos.

Brazilian Real (BRL)

What is Brazilian Real (BRL)?

What was the Plano Real, and how did it successfully end Brazil's hyperinflation with the introduction of the Brazilian Real (BRL)?

How does the Central Bank of Brazil (BCB) use the Selic rate and inflation targeting to manage the value and stability of the Brazilian Real?

What factors contribute to the high volatility of the Brazilian Real (BRL) in the foreign exchange market, and what is its historical exchange rate against the US Dollar (USD)?

Why is the Brazilian Real (BRL) significant in global trade and finance, and what are the key economic indicators that influence its strength?

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