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Réis
The first official currency of Brazil was the real (pronounced ; pl. ''réis''), with the symbol Rs$. As the currency of the Portuguese empire, it was in use in Brazil from the earliest days of the colonial period, and remained in use until 1942, when it was replaced by the cruzeiro. The name "real" was resurrected in 1994 for the new currency unit (but with the new plural form "reais"). This currency is still in use. One modern real is equivalent to 2.75 × 1018 (2.75 quintillion) of the old ''réis''. The name comes from the Portuguese word ''real'' (in the sense of "royal" or "regal") and was borrowed from a Portuguese currency previously used in Brazil. The dollar-like sign in the currency's symbol (and in the symbols of all other Brazilian currencies), called '' cifrão'' in Portuguese, was always written with two vertical strokes (\mathrm\!\!\!\Vert) rather than one. History The Portuguese real was the currency used by the first Portuguese settlers to arrive in the ...
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Portuguese Real
The ''real'' (, meaning "royal", plural: ''réis'' or rchaic''reais'') was the unit of currency of Portugal and the Portuguese Empire from around 1430 until 1911. It replaced the '' dinheiro'' at the rate of 1 real = 840 dinheiros and was itself replaced by the ''escudo'' (as a result of the Republican revolution of 1910) at a rate of 1 escudo = 1000 réis. The ''escudo'' was further replaced by the euro at a rate of 1 euro = 200.482 ''escudos'' in 2002. History The first ''real'' was introduced by King Fernando I around 1380.Numária nacional
Tesouros Numismáticos Portugueses
It was a silver coin and had a value of 120 '' dinheiros'' (10 ''soldos'' or ''libra''). In the reign of
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Empire Of Brazil
The Empire of Brazil was a 19th-century state that broadly comprised the territories which form modern Brazil and (until 1828) Uruguay. Its government was a representative parliamentary constitutional monarchy under the rule of Emperors Dom Pedro I and his son Dom Pedro II. A colony of the Kingdom of Portugal, Brazil became the seat of the Portuguese colonial Empire in 1808, when the Portuguese Prince regent, later King Dom John VI, fled from Napoleon's invasion of Portugal and established himself and his government in the Brazilian city of Rio de Janeiro. John VI later returned to Portugal, leaving his eldest son and heir-apparent, Pedro, to rule the Kingdom of Brazil as regent. On 7 September 1822, Pedro declared the independence of Brazil and, after waging a successful war against his father's kingdom, was acclaimed on 12 October as Pedro I, the first Emperor of Brazil. The new country was huge, sparsely populated and ethnically diverse. The ...
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Brazilian Cruzeiro (1942–1967)
The (first) cruzeiro (Cr$) was the official currency of Brazil from 1942 to 1967. It replaced the old real (pl. ''réis''), which had been in use since colonial times, at the rate of Rs 1$000 = Cr$1, It was in turn replaced by the cruzeiro novo, at the rate of Cr$1,000 = NCr$1. The name cruzeiro was later reused for two other currencies, which were official in 1970–1986 (initially denominated as the ''cruzeiro novo'' to avoid confusion between new and old currency) and 1990–1993. The cruzeiro was divided into 100 centavos, a convention that persisted through all subsequent Brazilian currencies, but in the first cruzeiro, values below Cr$0.10 were never issued because Rs 10 coins (equivalent to Cr$0.01) had not circulated since the end of the 19th century, and Rs 20 and Rs 50 coins (equivalent to Cr$0.02 and Cr$0.05 respectively) had not been issued since 1935. Initially, the project, dating from the late 1920s, was that the amount to be converte ...
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Milréis
The mil-réis (literally one thousand réis) was effectively a unit of currency in both Portugal (until 1911) and Brazil (until 1942). As the value of the Portuguese real has historically been low (minted in copper since the 16th century), accounts have been kept in ''réis'' as well as ''milréis'' of 1,000 ''réis''. The latter has been in use since the 1760s. In an edict of 24 April 1835 the main unit of account shifted from the ''real'' to the ''milréis''. It was replaced in 1911 by the escudo The escudo ( Portuguese: 'shield') is a unit of currency historically used in Portugal and its colonies in South America, Asia, and Africa. It was originally worth 16 silver . The Cape Verdean escudo and the former Portuguese escudo (PTE), eac ... in Portugal ne escudo (1$000)= one thousand réisand in 1942 by the cruzeiro in Brazil. By the time it was replaced by the cruzeiro in Brazil, one mil-réis (1$000) was worth a dozen loaves of bread. References External links Cédu ...
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Brazilian Real
The Brazilian real ( pl. '; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994. As of April 2019, the real was the twentieth most traded currency. History Currencies in use before the current real include: * The '' Portuguese real'' from the 16th to 18th centuries, with 1,000 ''réis'' called the '' milréis''. * The '' old Brazilian real'' from 1747 to 1942, with 1,000 ''réis'' also called the '' milréis''. * The '' first cruzeiro'' from 1942 to 1967, at 1 cruzeiro = 1 ''milréis'' or 1,000 ''réis''. * The '' cruzeiro novo'' from 1967 to 1970, at 1 cruzeiro novo = 1,000 first cruzeiros. From 1970 it was simply called the '' (second) cruzeiro'' and was used until 1986. * The ''cruzado'' from 1986 to 1989, at 1 cruzado = 1,000 second cruzeiros. * The '' cruzado novo'' from 1989 to 1990, at 1 cruzado novo = 1,000 ...
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Dollar Sign
The dollar sign, also known as peso sign, is a symbol consisting of a capital " S" crossed with one or two vertical strokes ($ or ), used to indicate the unit of various currencies around the world, including most currencies denominated "peso" and " dollar". The explicitly double-barred sign is called cifrão. The sign is also used in several compound currency symbols, such as the Brazilian real (R$) and the Nicaraguan córdoba (C$). The one- and two-stroke version are often considered mere stylistic (typeface) variants, although in some places and epochs one of them may have been specifically assigned, by law or custom, to a specific currency. The Unicode computer encoding standard defines a single code for both. In most English-speaking countries that use that symbol, it is placed to the left of the amount specified, e.g. "$1", read as "one dollar". History Use for the Spanish American peso in the late 1700s The symbol appears in business correspondence in the 17 ...
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Cifrão
The dollar sign, also known as peso sign, is a symbol consisting of a capital " S" crossed with one or two vertical strokes ($ or ), used to indicate the unit of various currencies around the world, including most currencies denominated "peso" and " dollar". The explicitly double-barred sign is called cifrão. The sign is also used in several compound currency symbols, such as the Brazilian real (R$) and the Nicaraguan córdoba (C$). The one- and two-stroke version are often considered mere stylistic (typeface) variants, although in some places and epochs one of them may have been specifically assigned, by law or custom, to a specific currency. The Unicode computer encoding standard defines a single code for both. In most English-speaking countries that use that symbol, it is placed to the left of the amount specified, e.g. "$1", read as "one dollar". History Use for the Spanish American peso in the late 1700s The symbol appears in business correspondence in the 1770 ...
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Coat Of Arms Of Portugal
The coat of arms of Portugal is the main heraldic insignia of Portugal. The present model was officially adopted on 30 June 1911, along with the present model of the Flag of Portugal. It is based on the coat of arms used by the Portuguese Kingdom since the Middle Ages. The coat of arms of Portugal is popularly referred as the ''Quinas'' (a ''quina'' being a group of five things). The current design of the coat of arms The present model of the coat of arms of Portugal was designed by the painter Columbano, member of the commission appointed on the 15 October 1910 to present the project for a new National Flag, following the establishing of the Portuguese republic on the 5 October 1910. The models chosen by the commission were approved by the Provisional Government of the Republic on the 29 November 1910, confirmed by the Constituent Assembly through the decree of 19 June 1911, with its details being specified in the ''Diário do Governo'' (official journal) no 150 of 30 June ...
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Northeast Region, Brazil
The Northeast Region of Brazil ( pt, Região Nordeste do Brasil; ) is one of the five official and political regions of the country according to the Brazilian Institute of Geography and Statistics. Of Brazil's twenty-six states, it comprises nine: Maranhão, Piauí, Ceará, Rio Grande do Norte, Paraíba, Pernambuco, Alagoas, Sergipe and Bahia, along with the Fernando de Noronha archipelago (formerly a separate territory, now part of Pernambuco). Chiefly known as ''Nordeste'' ("Northeast") in Brazil, this region was the first to be colonized by the Portuguese and other European peoples, playing a crucial role in the country's history. ''Nordestes dialects and rich culture, including its folklore, cuisines, music and literature, became the most easily distinguishable across the country. To this day, ''Nordeste'' is known for its history and culture, as well as for its natural environment and its hot weather. ''Nordeste'' stretches from the Atlantic seaboard in the north ...
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Dutch Brazil
Dutch Brazil ( nl, Nederlands-Brazilië), also known as New Holland ( nl, Nieuw-Holland), was a colony of the Dutch Republic in the northeastern portion of modern-day Brazil, controlled from 1630 to 1654 during Dutch colonization of the Americas. The main cities of the colony were the capital Mauritsstad (today part of Recife), Frederikstadt ( João Pessoa), Nieuw Amsterdam (Natal), Saint Louis ( São Luís), São Cristóvão, Fort Schoonenborch ( Fortaleza), Sirinhaém, and Olinda. From 1630 onward, the Dutch Republic conquered almost half of Brazil's settled European area at the time, with its capital in Recife. The Dutch West India Company (GWC) set up its headquarters in Recife. The governor, John Maurice of Nassau, invited artists and scientists to the colony to help promote Brazil and increase immigration. However, the tide turned against the Dutch when the Portuguese won a significant victory at the Second Battle of Guararapes in 1649. On 26 January 1654, the Dutch s ...
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Proclamation Of The Republic (Brazil)
The Proclamation of the Republic ( pt, Proclamação da República) was a military coup d'état that established the First Brazilian Republic on 15 November 1889. It overthrew the constitutional monarchy of the Empire of Brazil and ended the reign of Emperor Pedro II. The coup took place in Rio de Janeiro, then the capital of the Empire, when a group of military officers of the Imperial Army, led by Marshal Deodoro da Fonseca, staged a coup d'état without the use of violence, deposing Emperor Pedro II and the President of the Council of Ministers of the Empire, the Viscount of Ouro Preto. A provisional government was established that same day, 15 November, with Marshal Deodoro da Fonseca as President of the Republic and head of the interim Government. Background From the 1870s, in the aftermath of the Paraguayan War (also called the War of the Triple Alliance, 1864-1870), some sectors of the elite transitioned into opposition to the current political regime. Factors t ...
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Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading fi ...
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