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Reports suggest that Brazil is considering abandoning the U.S. dollar and creating a new currency. On June 22, 2024, the exchange rate between the American dollar and Brazilian real was 1 USD to BRL. The Brazilian real's exchange rate is also compared to the pound and euro. Recently, the Brazilian real reached a record low against other major currencies, indicating economic challenges and prompting discussions about potential monetary policy changes, including the creation of a new national currency.

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