Plano Real
Set of measures taken to stabilize the Brazilian economy in 1993 and 1994
Nº Q1811698 ★★★★
Super Rare · Organizations
Plano Real
Set of measures taken to stabilize the Brazilian economy in 1993 and 1994
The Plano Real ("Real Plan", in English) was a set of measures taken to stabilize the Brazilian economy in 1994, during the presidency of Itamar Franco. Its architects were led by the Minister of Finance and succeeding president Fernando Henrique Cardoso.
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From Wikipedia
The Plano Real ("Real Plan", in English) was a set of measures taken to stabilize the Brazilian economy in 1994, during the presidency of Itamar Franco. Its architects were led by the Minister of Finance and succeeding president Fernando Henrique Cardoso. The Plano Real was based on an analysis of the root causes of hyperinflation in the New Republic of Brazil, that concluded that there was both an issue of fiscal policy and severe, widespread inertial inflation. The Plano Real intended to stabilize the domestic currency in nominal terms after a string of failed plans to control inflation.
Text: Wikipédia, CC BY-SA 4.0. · Image: Photograph: User:Avelludo. Design: Central Bank of Brazil. (Public domain) ·
