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 ?
The cheapest sports event tickets will be 40 Brazilian reals (about 13 US dollars) and the most expensive 1,200 Brazilian reais.
The People s Bank of China traded 190 billion Yuan for 60 billion Brazilian reals from the Central Bank of Brazil.
The company intends to sell debt denominated in Brazilian reals on global markets, depending on market conditions, the daily reported.
The acquisition was accomplished in a series of transactions totaling tens of millions Brazilian reals (BRL).
The fund, with up to 400 million Brazilian reals ($227 million), will invest in Brazilian companies with plans to expand international operations, the newspaper said, quoting Juan Carlos Felix, Carlyle's director for South America operations.
State-run Export-Import Bank of Korea (KEXIM) has secured a USD250m loan by issuing a two-year bond in Brazilian reals and converting it into dollars on the swap market, Reuters has reported.
The currency is Brazilian Reals, and there are currently around five Reals to the pounds .
A completed an issue of 390 million Brazilian reals ($221 million) in non-convertible debentures, the company said Monday in a statement.

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