The Brazilian Real (BRL) is the official currency of Brazil, introduced in 1994 to stabilize the economy and control hyperinflation. It is symbolized by "R$" and is subdivided into 100 centavos. The Real is managed by the Central Bank of Brazil, which regulates its value and circulation. The currency is widely used in Brazil for all types of transactions, from everyday purchases to international trade. The exchange rate of the Real can fluctuate based on various factors, including economic conditions, inflation rates, and global market trends.