The mil-réis (literally one thousand
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 ...
) was effectively a unit of currency in both
Portugal
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...
(until 1911) and
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
(until 1942).
As the value of the
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 ...
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
Cédulas Brasileiras / Réis
Currencies of Portugal
Currencies of Brazil
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