The "Real Plan" is an economic strategy implemented in Brazil in 1994 to stabilize the country's economy. It aimed to control hyperinflation by introducing a new currency, the Brazilian real, and implementing measures such as price freezes and fiscal reforms. The plan sought to restore public confidence and promote economic growth. Key components of the Real Plan included the establishment of a new central bank policy and the reduction of government spending. These efforts helped to lower inflation rates significantly, leading to increased investment and improved living standards for many Brazilians. The plan is often credited with transforming Brazil's economy.