What is Brazilian money called?


Quick Answer

The monetary currency of Brazil is called the Brazilian Real. The Real consists of 100 centavos, and when written uses the symbol R$. The currency exchange uses BRL as the symbol to refer to the Brazilian Real.

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Full Answer

The Brazilian Real is issued in numerous denominations, including the 1 Real, 5, 10, 20, 50 and 100 Real denominations. The Real was first introduced as Brazil's standard monetary currency in 1994, and at the time the exchange rate was essentially in line with the United States Dollar, but has since widely fluctuated and has become devalued. As of December 2014, 1 BRL is equal to approximately 39 U.S. cents.

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