Banking, Money and Taxes in Brazil
The World Economic Forum named Brazil the top country in upward evolution of competitiveness in 2009. With trading partners like the EU, Asia, the USA and Latin America, Brazil has one of the fastest-growing major economies worldwide.
The Real (BRL), which is divided into 100 centavos, is Brazil’s currency. The currency has been stable since it was introduced in 1994 when it was equal to the US dollar; since it has dropped to 1:4, but then has picked up again in recent years. There are a number of coins ranging from one centavo through to one real. Notes are available in a variety of denominations between one and one hundred reals.
The Central Bank of Brazil is releasing a new series of more secure bank notes between 2010 and 2012.
The Real (BRL), which is divided into 100 centavos, is Brazil’s currency. The currency has been stable since it was introduced in 1994 when it was equal to the US dollar; since it has dropped to 1:4, but then has picked up again in recent years. There are a number of coins ranging from one centavo through to one real. Notes are available in a variety of denominations between one and one hundred reals.
The Central Bank of Brazil is releasing a new series of more secure bank notes between 2010 and 2012.
