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There
is a control and a limit of the in- and outgoing Brazilian
cash flow. It is easier to bring money to Brazil than
to take from the country. If you have money, checks
or travelers check over US$5,000.00 or equivalent,
you have to declare the transaction.
Since
1986 the name of the currency has changed five times,
from 'cruzeiro' to 'cruzado' to 'cruzado novo' and
back to 'cruzeiro'. Then it became the 'cruzeiro real'
and, in July 1994, the 'Real'. At the moment, the
monetary unit of Brazil is the Real (pronounced HE-ow);
the plural is Reais (pronounced HE-ice). It's made
up of 100 centavos. The frustratingly similar coins
are: one, five, 10, 25 and 50 centavos. There is also
a one-real coin as well as a one-real note. The notes
are different colors, so there is no mistaking them.
As well as the green one-real note there's a blue/purple
five, a red 10, a brown 50 and a blue 100. At present
the central bank is introducing differentiated coins
and a new 10-real note. The new bank note is launched
because of problems with falsification of bank notes.
Until
January 1999, was the Real as strong as the US dollar,
(R$1.00 = U$1.00) By that time hit the worldwide financial
crisis Brazil and the currency is nowadays floating
in comparising to the US Dollar, (+/- R$3,00 = U$1.00).
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