BRL is the symbol for the Brazilian real, the national currency of Brazil. A Brazilian Real is divided into 100 cents and is often presented with the symbol R $.
The real (plural reais) is subject to the supervision of the Central Bank of Brazil (BCB) and its Commission for monetary policy (Copom).
The Brazilian real has been adopted for the first time as an official currency in 1994, replacing the real Cruzeiro with a rate of 1 Real for Cruzeiro in 2750 as determined by the "Plano Real". From 1994 to 1999, the value of the Brazilian real was pegged to the US dollar, as long as inflationary pressures pushed the Brazilian currency to fluctuate against the dollar.
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