What type of money does Brazil use?

Answer The Brazilian currency is the real. The plural of real is reis. Each real is made up of 100 centavos.First CoinsThe first coins were minted in Brazil in 1695. Coins with a value of 1,000, 2,000 and... Read More »

Top Q&A For: What type of money does Brazil use

What type of economic system exists in Brazil?

Brazil is a moderately free-market economy. It is also an inward-oriented economic system. Its gross domestic product is in excess of $1.6 trillion. This positions Brazil as the eighth highest in t... Read More »

How much money do I need to live in Brazil?

On One Hand: There Are Ways To Live CheapCosts of living depends greatly on lifestyle. For those who are looking to take advantage of the lower cost of living in Brazil and spend less to achieve a ... Read More »

What is the money in Brazil called?

Money in Brazil is named the Real, which is pronounced "hay-AHL." In its plural form it is called the Reais, pronounced "hay-eyes." The Real's symbol is BRL or sometimes it is listed simply as R$. ... Read More »

What kind of money is used in Brazil?

The monetary unit of the Brazil is the real. It comes in denominations of one, two, five, ten, twenty, fifty and one hundred. The coins are called centavos. In 2010, one real is equal to approximat... Read More »