Milreis

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Milreis

The former currency of Portugal and Brazil. It was subject to persistently high inflation. In 1911, it was replaced by the escudo in Portugal; in 1942, the cruzeiro was introduced in Brazil.

References in periodicals archive ?

Both partners could sign in the name of the firm, both shared equally in profits and losses, and both were entitled to withdraw 100 mil-reis per month for personal expenses.

As such, he was probably a recent Portuguese immigrant, who, with the right human capital (his skill as a tinsmith) and a bit of working capital (the 3,000 mil-reis he brought to the partnership, perhaps borrowed in part from family), was a good match for his older, better established countryman, Jeronymo.

In the larger area surrounding the street, the mean rental value of a building was 2,142 mil-reis and the median value 1,680.

Layers, flows and intersections: Jeronymo Jose de Mello and artisan life in Rio de Janeiro, 1840s-1880s