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Brazil Currency and Banking

TEFL Trainees / ESL Teachers

Brazilian currency is known as Real. R$ is the sign of Brazilian currency and BRL is the ISO code assigned to this currency. The current Real was introduced in Brazil in the year 1994.

The Central Bank of Brazil has control over all the banks in Brazil and holds the key to the great bank service of this country. Internet banking and ATM system is quite efficient in Brazil. The banking hours are usually from 10 a.m. and 4 p.m. from Monday to Friday. There are both private and public banks in Brazil. Some of the greatest banks of Brazil are:

Central Bank of Brazil
Banco do Brasil
Bradesco
Caixa Economica Federal
Unibanco
Santander