The currency used in Brazil is the Brazilian Real, abbreviated as BRL. The Real was introduced in July 1994 as part of a broader plan to stabilize the Brazilian economy and curb hyperinflation. One Real is subdivided into 100 centavos. The currency features various designs, including images of prominent Brazilian figures and symbols reflecting the country's heritage. The Banco Central do Brasil, the country’s central bank, manages the issuance and regulation of the Real. Over time, the Real has played a crucial role in the financial and economic landscape of Brazil, influencing both trade and investment.