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As of April 2019, the real was the twentieth most traded currency . [1] Currencies in use before the current real include: The Portuguese real from the 16th to 18th centuries, with 1,000 réis called the milréis. The old Brazilian real from 1747 to 1942, with 1,000 réis also called the milréis. This guide covers all you’ll need to know about the official currency in Brazil, where to get it and how to keep your costs down during your trip. What is the currency in Brazil? The official currency in Brazil is the Brazilian Real , which is issued and overseen by the Central Bank of Brazil. Officially, it’s called the Real and its symbol is R$. Brazil adopted it in 1994 as a replacement for the chronically unstable Cruzeiro Real, aiming for economic stability. This new currency marked a significant turning point in the Brazilian economy, paving the way for much-needed sustained growth and price stability. The Brazilian real was established in 1994 as an official national currency and is used only in Brazil. It replaced the previously valid cruzeiro real. 1 Real is devided into 100 Centavos.
