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Brazilian Real
(redirected from Brazilian currency)

   Also found in: Wikipedia 0.01 sec.
Brazilian Real
The currency of Brazil. It was introduced in 1994 following the Latin American economic crisis. It is currently a floating currency, though it was semi-pegged to the U.S. dollar for most of the 1990s. It suffered two different currency crises in 1999 and 2002, but has since become one of the stronger currencies in the region.


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He said the weakening Brazilian currency was a key factor in the downgrade.
Repeated devaluations of the Brazilian currency (the real) prior to Lula's term in office left most households with less discretionary income today than they had five years ago and undermined consumer confidence.
Two topics dominate the discussions: fear that inflation could be reignited and predictions at what level the Brazilian currency will finally stabilize.
 
 
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