Clipping of news on Brazilian Culture, Law and Citizenship
01/07/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Real went into circulation 20 years ago, leaving behind a triple-digit inflation and the consequent bartering currency. With the stabilization of the economy, achieved through a set of changes that named the Plano Real, Brazilian tried for a while the feeling of seeing your money worth more.
"It was a lot of inflation, and there were many zeros. There would be no cash register he could register as many decimal places as Real had not been created, "said David Simon Silber, professor of economics at the University of São Paulo (USP). Before the real prices soared from one day to another and the average change amounted to 100% in a month.
R$ 1 in banknotes and coins in image July 2007 (Photo: LCLeite / Folhapress)
Despite the work that he gave to the Brazilian get used to the new currency - many calculators used to transform the former currency (real cruise) and have a real reference value as the product - the plan bequeathed the possibility of planning spending.
"Brazilians learned the true value of money. Knew how effectively won and the real value of assets that could acquire. I could understand the interest in Brazil and the need to have clear goals to combat inflation. The increased purchasing power, determined by the stability of the economy. And the most important is that during the years of stability, all Brazilians began to plan for the future, prepare a financial plan over the long term, "says Fabiano Guasti Lima, researcher Assaf Institute.
Read more at: http://g1.globo.com/economia/noticia/2014/07/real-completa-20-anos-em-circulacao-com-perda-de-80-de-seu-valor.html
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.