Brazilian Real Celebrates 25th Anniversary, Becomes Longest-Lasting Currency

With the Real, Brazil managed to overcome inflation, but a quarter-century after its introduction, the country is not growing and faces record unemployment.

By Xiu Ying

RIO DE JANEIRO, BRAZIL - Twenty-five years ago, Brazil started the battle against hyperinflation. The Real Plan introduced the long-running currency and caused inflation to plummet from 916 percent in 1994 to 22.14 percent the following year, one of the country's greatest achievements, which radically changed Brazilians' way of life.

In 2019, the Broad Consumer Price Index (IPCA) is expected to reach 3.6 percent. It will be the third consecutive year in which the indicator will be below the target pursued by the Central Bank. In the twelve months to July 1st, 1994 . . .

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