The real is the present-day currency of brazil. its sign is r$ and its iso code is brl. it is subdivided into 100 centavos ("hundredths"). the modern real was introduced in 1994 as part of the plano real, a substantial monetary reform package that aimed to put an end to three decades of rampant inflation. at the time it was meant to have approximately fixed 1:1 exchange rate with the united states dollar.