The currency of Brazil is the Brazilian real, commonly abbreviated as BRL. It was introduced in 1994 as part of Brazil's economic stabilization plan known as the Real Plan, which aimed to curb hyperinflation. The symbol for the real is "R$." The real has undergone fluctuations over the years, influenced by various economic factors, including inflation rates, interest rates, and international trade. Today, the Brazilian real is one of the most widely used currencies in South America, reflecting Brazil's significant role in the regional and global economy.