BRAZIL

(BRL) Currency News >>

CURRENCY:

Real or Reais - BRL, Symbol R$

DENOMINATIONS:

NOTE: R$100, 50, 10, 5, 2 and 1

COIN: R$1, and 50, 25, 10, 5, and 1 centavos

US DOLLAR ACCEPTED:

Yes, widely - the US Dollar is the most accepted here aside from the local currency.

CREDIT/DEBIT CARDS AND ATMS:

Most major credit cards are accepted although Visa is slightly easier than others. ATMs are also widely available in Brazil.

CURRENCY EXCHANGE:

Currency exchange is easy in Brazil, with banks, hotels, cambios and travel agencies all able to offer this service.

TRAVELLER'S CHEQUES:

Best in US Dollars. It is possible that you receive a discount for using traveller's cheques in restaurants and hotels. Foreign tourists are not able to exchange US traveller's cheques for US banknotes.

BANKING HOURS:

Mon - Fri 1000 - 1600

CURRENCY RESTRICTIONS:

Local currency: import restricted to reasonable amount of bank notes. Export is restricted to that currency which has been imported minus your expenses during time spent in Brazil. Foreign currency: import of bank notes unlimited. Export as per local currency.

COUNTRY OVERVIEW:

Brazil is officially called the Federative Republic of Brazil and is located in South America. It is a very large country, taking up nearly half of the South American continent. The capital is Brasilia, although the largest city is Sao Paulo. The official language is Portuguese and is inhabited by many ethnic groups - though the main proportions are White and Pardo. Brazil gained independence from Portugal in 1822.

POPULATION:

190, 467, 249 (5th largest in the world)

ECONOMY:

The economy of Brazil is the largest in Latin America. It has large sectors of agriculture, manufacture, mining and service. Brazil is a prominent exporter of many products including coffee, aircraft, textiles....the list goes on. It is viewed as one of the main emerging economies of the world.