Real Plan
The Plano Real ("Brazilian real, Real Plan",The word ''real'' in Portuguese could be translated either to ''real'' or ''royal'' in English. The name of the plan comes from the name of the currency which was chosen to give the idea of a stable and credible purchasing power. in English language, English) was a set of measures taken to stabilize the Economy of Brazil, Brazilian economy in 1994, during the presidency of Itamar Franco. Its architects were led by the Ministry of Finance (Brazil), Minister of Finance and succeeding president Fernando Henrique Cardoso. The Plano Real was based on an analysis of the root causes of hyperinflation in the ''History of Brazil since 1985, New Republic'' of Brazil, that concluded that there was both an issue of fiscal policy and severe, widespread inertial inflation. The Plano Real intended to stabilize the domestic currency in Real vs. nominal in economics, nominal terms after a Timeline of Brazilian economic stabilization plans, string of fai ...
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