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The Brazilian Real is the official currency of Brazil, which may be subdivided into 100 centavos. The Central Bank of Brazil is the issuing authority. The modern real was introduced in 1994, during as part of a broader plan to stabilise the Brazilian economy, known as the Plano Real. The reform included the demonetisation of the short lived cruzeiro real, and required a huge banknote replacement.
Officially named the Federative Republic of Brazil, it is the largest country in both South America and Latin America. At 8.5 million square kilometres and with over 208 million people, Brazil is the world's fifth-largest country by area and the sixth most populous. It is the largest country to have Portuguese as an official language and the only one in the Americas, besides being one of the most multicultural and ethnically diverse nations, due to the strong immigration from various places in the world. Brazil celebrated 195 years of independence in 2017.
Most tourists visit Brazil to see Rio de Janeiro, which became a World Heritage Site in 2010. The annual Rio Carnival attracts about 2 million tourists a day.
Brasilia, the capital of Brazil, only took 41 months to make. Brazil has been the largest producer of coffee for over 150 years, and the name of the country comes from a popular tree brasilwood.
The Brazilian Real is the official currency of Brazil. The ISO 4217 currency code for the Brazilian Real is BRL.