BRL

Posted in Finance, Accounting and Economics Terms, Total Reads: 371
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Definition: BRL

BRL is the ISO 4217 code for the currency Brazilian Real. ISO 4217 is a standard international code given to currencies around the world for easy identification and recording purposes. It offers two types of codes – a 3 letter alphanumeric code and a 3 digit number code. BRL is the alphanumeric ISO 4217 code of the Brazilian Real currency.

 

Description:

Brazilian Real is the currency that is currently in use in Brazil and is denoted by the symbol R$. The Central Bank of Brazil issues the currency. A sub-unit of a Brazilian Real is called a “centavo”.

 

1 BRL = 100 centavos

 

The currency is available in denominations of 5, 10, 25, 50 centavos and R$ 1 for coins, and R$2, R$5, R$10, R$20, R$50, R$100 for notes.

As of October 2014,

 

1 USD = Approximately 2.42 BRL

 

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