Brazilian currency - Real, reais

Since 1994, the Brazilian currency has been the Real (plural: Reais), symbol is R$.
Because of the very high inflation rates which Brazil had in the 1980s and early 1990s, the country had to change currency several times: Brazilians were used to dealing with Cruzeiros until 1986; that year, an economic plan cut three zeros from the bills and changed the currency to Cruzado; a few years later, another three zeros were dropped, and Brazilians were introduced to the Cruzados Novos ("new cruzados"). In 1990, the Cruzados Novos were retired, and the Cruzeiros were back; in 1993, the Cruzeiros lost another three zeros and were turned into Cruzeiros Reais.In 1994, after the deployment of a new monetary plan, the new currency, called Real, came to life. Read more about the Real Plan, which preceeded the launching of the Real.