The main currency of Brazil is the Brazilian real, abbreviated as BRL. Introduced in 1994, the real replaced the previous currency, the cruzeiro, as part of a broader economic stabilization plan to curb hyperinflation. The real is subdivided into 100 centavos and features various denominations in both coins and banknotes. The currency is marked by its symbol (R$) and is managed by the Central Bank of Brazil. The Brazilian real’s value is subject to fluctuations based on domestic and global economic factors, and it plays a vital role in Brazil's trade, investment, and economic policies, reflecting the country's financial landscape.