1:26 AM

Real Currency Brazil

Posted by Saleem Mukati


Since 1994, inflation has been maintained at civilized levels (2003, consumer prices rose by about 8%; in 2005, the inflation target is around 6%), and the Brazilian citizens had the chance, for the first time in a long period, to get accostumed to a stable currency.
There are bills of R$1, R$2, R$5, R$10, R$20, R$50 and R$100; click here to look at the bills. Formerly, the bills were illustrated with images of Historic characters; problem was, however, that the high inflation caused the bills to loose value too fast, and what was supposed to be a hommage turned into a mockery. Nowadays, the bills are illustrated with images of Brazilian animals (the feminine character on one side of all bills is a representation of the Republic).

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