El real brazil en ingles

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UNIVERSIDAD AMERICANA
Lesson English II

Teacher Dora Hurtado
Subject The Currency Student Gladys Rivera Document 3-725-2415 Date 01-21-2012

INTRODUCTION
THE CURRENCY OF BRAZIL

This jobis about the modern Brazilian currency unit.
The real (reais) is the present-day currency of Brazil. Its sign is R$ and its ISO code is BRL. It is subdivided into 100 centavos("hundredths"). Themodern real was introduced in 1994.

The modern real (plural reais) was introduced on July 1, 1994, during the presidency of Itamar Franco, when Fernando Henrique Cardoso was the Minister of Finance, aspart of a broader plan to stabilize the Brazilian economy, known as the Plano Real The new currency replaced the short-lived cruzeiro real (CR$).

CONTENT THEME
THE CURRENCY OF BRAZIL
On February3, 2010, the Central Bank of Brazil announced a new series of the real banknotes which would begin to be released in April 2010. The new design will add security enhancements which aim to reducecounterfeiting. The notes will have different sizes according to their values to help vision-impaired people. The changes were made reflecting the growth of the Brazilian economy and the need for astronger and safer currency. The new banknotes have begun to enter circulation in December 2010, coexisting with the older ones.

NEW BEFORE

CONCLUSION
THE CURRENCY OF BRAZIL
At its introduction,the real was defined to be equal to 1 unidade real de valor (URV, "real value unit") a non-circulating currency unit. At the same time the URV was defined to be worth 2750 cruzeiros reais, which was theaverage exchange rate of the U.S. dollar to the cruzeiro real on that day. The value of the real in dollars continued to fluctuate but generally upwards, so that by 2005 the exchange was a littleover R$2 : US$1. In May 2007, for the first time since 1999, the real became worth more than US$ 0.50 — even though the Central Bank, concerned about its effect on the Brazilian economy, had tried to...
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