What currency does Brazil use?|In July 1994, the present-day currency, , replaced the Cruzeiro Real, which circulated for only 10 months. The Real draws its name from the pre-1942 currency.the Real
Could you please clarify which currency Brazil currently utilizes? I've heard that in July 1994, a new currency replaced the Cruzeiro Real, which was in circulation for a brief period of just 10 months. I'm interested to know the name of this modern-day currency, and whether it's named after a currency that was used before 1942. Is the Real the official tender in Brazil? If so, what's the historical significance behind its name?