The mil-réis (literally one thousand réis) was effectively a unit of currency in both Portugal (until 1911) and Brazil (until 1942).[citation needed]
As the value of the Portuguese real has historically been low (minted in copper since the 16th century), accounts have been kept in réis as well as milréis of 1,000 réis. The latter has been in use since the 1760s.[1] In an edict of 24 April 1835 the main unit of account shifted from the real to the milréis.[2]
It was replaced in 1911 by the escudo in Portugal and its colonies [one escudo (1$000)= one thousand réis] and in 1942 by the cruzeiro in Brazil. By the time it was replaced by the cruzeiro in Brazil, one mil-réis (1$000) was worth a dozen loaves of bread.
References
- ^ Snelling, Thomas (1766). "A View of the Coins at this Time Current Throughout Europe: Exhibiting the Figures of Near 300 on 25 Copper Plates, Together with Their Value, ... Intended for the Use of Travellers, ... By Thomas Snelling".
- ^ "MILREIS English Definition and Meaning". Lexico.com. Archived from the original on September 28, 2021. Retrieved 2022-08-24.
External links
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This page was last edited on 19 January 2024, at 15:43