Brazilian Real

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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.
References in periodicals archive ?
It is goals, however, which are the real Brazilian currency and ominously Ronaldo has already struck four, one more than 33-year-old Wilmots, whose time at German club Schalke 04 has also been dogged by injuries.
Although it announced the merger plans back in July, it had come under increased pressure to review the move, because of the on-going slump in the Brazilian currency.
Even in Brazil, the pro-market Cardoso publicly chastised investors following a huge run on the Brazilian currency in early August.
The deal also allows Brazil to spend an additional $10 billion of its net foreign currency reserves, helping the nation's Central Bank to fight increasing speculative attacks that have sent the Brazilian currency to its lowest levels against the U.
the Brazilian currency real and the prospects of plentiful supplies from
Our costs would therefore be in Brazilian currency (reals) with sales in dollars.
CSN has its own iron ore mine, but the move was scuppered amid concerns about the volatile Brazilian currency, weaker financial markets and worsening trading conditions.
The recent devaluation of the Brazilian currency and economic problems throughout the region suggest that rents will continue to fall in the near future.
The Brazilian currency "Real" - which has been pegged to the US dollar within a limited but gradually increasing trading brand since its inception in 1994 - was suddenly and surprisingly liberated on Friday January 15th.
Brazil started a worldwide market decline on Wednesday after its central bank chief resigned and his successor devalued the Brazilian currency by about 8 percent.
Among the many factors that contributed to the growth of exports in 1997, mainly to the Mercosul area and South America, are hygiene market expansion, lower duties and Brazilian currency stabilization.
This upswing is less the result of the recently stabilized Brazilian currency than of a newly awakened desire in artistic circles to stimulate artistic production on the home front.

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