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 ?
The annual assessed rental value of this humble abode was 400 mil-reis, about a third of the mean value for urban property in the city that year.
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.