what is the name of money in brazil?
Brazilian real
entailment
 The financial operations made in dollars were subject to a strong currency substitution to pesos , the " pesification " . There were disputes over the exchange rate of such substitution , as the current price of the dollar in the open market would force most firms and individual debtor to bankruptcy . The initial policy was to make 1 to 1 substitutions to the operations below 100 @,@ 000 dollars . Another conflict was the corralito , imposed by De la Rúa , which attempted to stop the bank run by forbidding the withdrawal of money from bank accounts . Duhalde promised in his oath of office speech that " The one who deposited dollars will receive dollars " . The minister of economy Jorge Remes Lenicov pointed out that that would be impossible , as the amount of dollars required was higher than even the foreign @-@ exchange reserves of the Central Bank . Duhalde acknowledged two weeks later that he was mistaken . The bank accounts in dollars would be " pesified " at a 1 @.@ 4 exchange rate , and the state financed the banks for the different rates with other operations . The taxes of public services were " pesified " and fixed at their current values . Most industries benefited from the " pesification " and the devaluation , as they could now export at higher prices , and the economy started to improve . The jump in the international price of soybean in July 2002 also proved highly beneficial . The devaluation also increased the price of imported products , which allowed import substitution industrialization . As the local prices became cheap in dollars , international tourism to the country was increased . The national state absorbed the debts of the provinces and the bonds used as alternative currency , on the condition that they transferred the power to issue bonds . 

contradiction
 By the middle of the 19th century , the Empire of Brazil was the richest and most powerful nation in Latin America . It thrived under democratic institutions and a constitutional monarchy , and prided itself on the absence of the caudillos , dictators and coups d 'état which were common across the rest of the continent . During the minority of emperor Pedro II in the 1830s , however , there had been internal rebellions driven by local disputes for power within a few provinces . One of these , the Ragamuffin War , had been led by Gonçalves , as noted above . 

contradiction
 Brazil has a designated " zone of interest " that is not an actual claim . 

contradiction
 To make matters worse , the dreadnoughts ' expense combined with loan payments and a worsening economy led to growing government debt compounded by budget deficits . By one measure of Brazil 's GDP per capita , income in the country rose from $ 718 in 1905 to a high of $ 836 in 1911 before declining over the next three years to a low of $ 780 in 1914 ( both measured in 1990 international dollars ) . It did not fully recover until after the First World War . At the same time , Brazil 's external and internal debt reached $ 500 and $ 335 million ( respectively , in contemporaneous dollar amounts ) by 1913 , partly through rising deficits , which were $ 22 million in 1908 and $ 47 million by 1912 . In May , the president commented negatively on the new ship : 

contradiction
 During the 1880s , Brazil continued to prosper and social diversity increased markedly , including the first organized push for women 's rights . The country had greatly changed in the five decades since Pedro II 's accession to the throne . The liberalism adopted by successive Government cabinets favored private initiatives and resulted in decades of economic prosperity . It " had an economy that was rapidly developing in 1880s " . Brazil 's international trade reached a total value of Rs 79 @.@ 000 : 000 $ 000 ( see Brazilian currency ) between 1834 and 1839 . This continued to increase every year until it reached Rs 472 @.@ 000 : 000 $ 000 between 1886 and 1887 ( an annual growth rate of 3 @.@ 88 % since 1839 ) . Brazilian economic growth , especially after 1850 , compared well with that of the United States and European nations . The national revenue , which amounted to Rs 11 @.@ 795 : 000 $ 000 in 1831 , rose to Rs 160 @.@ 840 : 000 $ 000 in 1889 . By 1858 , it was the eighth largest in the world . To give an idea of the economic potential of the country during the Empire , if " it had been able to sustain the level of productivity achieved in 1780 and managed to increase exports at a pace equal to that verified in the second half of 19th century , its per capita income in 1950 would be comparable to the average per capita income of the Western European nations " . 
