BRL 500 | Bank Note | Five Hundred Real | Kae Kae | CurrencyStackerKK | Brazil | South America
500 Brazil Real
The Brazilian real (Portuguese: real, pl. reais; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos.
The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994.
The current real was introduced in 1994 at 1 real = 2,750 cruzeiros reais. The modern real (Portuguese plural reais or English plural reals) was introduced on 1 July 1994.
During the presidency of Itamar Franco, when Rubens Ricupero was the Minister of Finance as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real.
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