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Brazilian Real

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cashback forex Real (BrazilianReal, ISO42 best forex rebate company7 current common three-letter code: BRL) Original currency: Brazil rebatesforexbroker (BrazilianCruzeiroG original symbol: Gr.$ st fxrebatecentralard symbol: BRC) Brazilian Real Introduction In 1993 Brazil issued a new currency Cruzeiro Real, 1 Cruzeiro Real But the Cruzeiro Real forexrebatecommission only in circulation for 1.5 years, Brazil adopted the new currency on July 1, 1994 - the Real, 1 Real bestforexrebatecompanys 2750 Cruzeiro Real, the exchange rate at that time was 1 Real = 1 U.S. dollar, the highest once reached 0.83 Real = 1 U.S. dollar, but then the highest devaluation to 3.5 Real = 1 U.S. dollar after some recovery The exchange rate of the real as of June 3, 2006 is: 1 USD = 2.2863 R$; Note: (1 R$ = 3.50916 RMB according to the exchange rate of June 3, 2006) Historically, Brazils currency names and denominations have changed a lot, especially due to the heavy foreign debt burden and hyperinflation in recent years, its currency changes more frequently is the largest currency devaluation countries in Latin America The monetary system adopted since Brazils independence is as follows: between 1833 and 1942, 1 mirex was equal to 1,000 reis; between 1942 and 1967, 1 cruzado was equal to 100 cents; between 1967 and 1985, 1 new cruzado was equal to 1,000 old cruzados; between 1986 and 1989, 1 cruzado was equal to 1,000 new cruzados. Between 1989 and 1990, 1 new Cruzeiro was equal to 1,000 Cruzadores. On March 16, 1990, Brazil again issued Cruzeiro to replace the new Cruzadores at a rate of 1:1, with a conversion rate of 1 Cruzeiro to 100 cents (Centavos). The Brazilian Cr$1 is issued by the Central Bank of Brazil since 1988, and its issuance is limited to the extent permitted by law and subject to the approval of the National Congress. Between 1833 and 1942, 1 Mirez was equal to 1,000 Raises; between 1942 and 1967, 1 Cruzeiro was equal to 100 cents; between 1967 and 1985, 1 New Cruzeiro (Brazilian NewCruzeiro) was equal to 1,000 Old Cruzeiro; between 1986 and 1989, 1 Cruzado was equal to 1,000 New Cruzeiro; between 1989 and 1990, 1 New Cruzeiro was equal to 1,000 New Cruzeiro. -1990 years 1 new Cruzeiro equal to 1000 Cruzeiro On March 16, 1990, Brazil again issued the Cruzeiro to replace the new Cruzeiro, the exchange rate of 1:1 this auxiliary city rounding system for 1 Cruzeiro equal to 100 cents (Centavos) On July 14, 1948, the initial provision of the Cruzeiro gold content of 0.0480363 grams, the legal exchange rate of 18.50 Cr$ equal to 1 U.S. dollar 1946 to 1952, Brazil adopted a single exchange rate system for imports, the export rate of 18.38 Cr$, the import rate of 18.72 equal to 1 U.S. dollar January 1953 free market in Brazil after the legalization of Brazil, Brazil in October 1958 began to implement most of the export commodities are In the early 1980s, as Brazil was caught in a serious debt crisis, the Cr$1,000 was continuously devalued and the economic situation was very serious. In order to curb high inflation and stabilize the economy, President Sarne issued the Cruzado Plan on February 18, 1986, and in June 1987 Brazil implemented the New Cruzado Plan, which stipulated that from 1988, the Central Bank would become an independent institution under the jurisdiction of the Ministry of Finance, while implementing the Cruzado devaluation policy. The Brazilian currency was reverted to Cruzeiro on March 16, 1990, and began to implement a flexible exchange rate policy, with the Cruzeiro floating independently on the interbank foreign exchange market based on the U.S. dollar until December 31, 1991, the Cruzeiro exchange rate bid and sold at 1068.70 and 1068.80 to the U.S. dollar. and Cr$50,000 Minted coins are: 1, 2, 5, 10, 20, 50 cents 1 Cr$ = 1 new Cr$1 This auxiliary city rounding system is 1 Cr$ equal to 100 cents (Centavos)