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BRAZIL (BRL) BRAZILIAN REAL
The real is the official currency of Brazil. It is represented by the
international currency code of BRL. Brazil has been using this currency now for
hundreds of years and it came into existence in 1790. To pluralise the currency
it becomes reais and you will often see prices written with the following
symbol: ‘R$’. A real is made up of 100 centavos.
Currently in circulation
Coins in Brazil are in the denominations of 5, 10, 25 and 50 centavos and 1
real. The I centavos coin was discontinued in 2006. The most common banknotes
are the 2, 5, 10, 20 and 50 reais. There is also a 100 reais banknote but this
is not often seen in circulation.
Exchange facilities and traveller’s cheques
All banks exchange foreign currency and there are plenty of ‘cambios’ which are
foreign exchange facilities. Authorised hotels will also offer foreign exchange
and this extends to traveller’s cheques also. US dollars are quite widely
accepted across the country and especially in the tourist areas. If looking to
take traveller’s cheques you are best taking these in US dollars.
Using credit/debit cards
Brazil is well placed to accept credit cards in many establishments across the
country. The visa name seems to be the most preferred here, although you will be
able to use other names too. There is an extensive network of ATM machines
across the country, although do remember that these will be harder to find in
the more remote parts of Brazil. And Brazil can get very remote!
Restrictions
This must be considered a grey area as the stipulation is a ‘reasonable amount’
of local currency may be imported into Brazil. This leaves plenty of room for
interpretation so do be careful not to take large amounts of Brazilian currency
into the country. You are entitled to export the amount of currency you brought
in minus any expenses. To bring foreign currency into Brazil: there is no limit.
You are entitled to export the amount of foreign currency you arrived with,
minus your expenses whilst in the country.
Brazil: an overview
Brazil is by far the largest country in South America. Much of the country is
covered by vast areas of Amazonian rain forest, although sadly, much of this is
disappearing at an alarming and unforgivable rate. Brazil is a country that is
fiercely proud of its historical traditions and culture. The tourist industry is
becoming more and more established on the Atlantic coast and who can forget the
wonders that await any visitor to the flamboyant and exciting city of Rio de
Janeiro.
The cost of living in Brazil is extremely varied. It will depend on where you
are within the country and what type of facility you prefer. If you like
luxurious surroundings and exclusivity you will pay for this. However, outside
of the main cities and tourist hotspots, you should see that Brazil can be quite
reasonable. Especially in comparison to western European countries.
