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The Real, meaning 'royal, was first introduced by Portugese settlers and became Brazil's official currency in 1690. It was not sub-divided in smaller units. The modern real (plural reais) was introduced on July 1, 1994.
The sheqel has been a freely convertible currency since January 1, 2003. The currency is not produced in Israel, as the country has no mint. Instead banknotes are imported by air and coins by sea.
1 BRL = 2.1503 ILS
Brazilian RealIsraeli Sheqel
