The main currency used in Brazil is the Brazilian real (BRL). Introduced in 1994, the real replaced the previous currency, the cruzeiro, as part of an economic stabilization plan aimed at curbing hyperinflation. The real is subdivided into 100 centavos and is symbolized by "R$." The currency is managed by the Central Bank of Brazil, which regulates monetary policy and ensures economic stability. The value of the real is influenced by various factors, including inflation, interest rates, and international trade dynamics. As a relatively stable currency, the real plays a crucial role in Brazil's economy.