Milreis definitions
| Word backwards | sierlim |
|---|---|
| Part of speech | Noun |
| Syllabic division | mil-reis |
| Plural | The plural of milreis is milreis. |
| Total letters | 7 |
| Vogais (2) | i,e |
| Consonants (4) | m,l,r,s |
Milreis, also known as réis, was the former currency of Portugal and Brazil. The milreis was in use from the 17th century until the early 20th century when it was replaced by the Brazilian real. The name milreis translates to "thousand reis," with each milreis being equivalent to 1,000 reis.
History of Milreis
Milreis were first introduced in Portugal in the 17th century, and they eventually became the currency of Brazil when the country was a colony of Portugal. The milreis remained the official currency of Brazil even after it gained independence from Portugal in 1822. The currency underwent several changes throughout its history, including revaluations and decimalization.
Value and Denominations
The milreis was divided into smaller units, including the réis, which was the basic monetary unit. There were also larger denominations, such as the conto, which was equivalent to 1,000 milreis. The value of the milreis fluctuated over time, depending on economic conditions and government policies.
End of the Milreis
The milreis was in use in Brazil until 1942 when it was replaced by the cruzeiro as the official currency. The transition to the cruzeiro was part of a larger monetary reform that aimed to stabilize the Brazilian economy and control inflation. The milreis ceased to be legal tender, and existing milreis were exchanged for cruzeiros at a fixed rate.
In conclusion, milreis was a historical currency used in Portugal and Brazil, with each milreis being equivalent to 1,000 reis. The currency played a significant role in the economic history of both countries and underwent various changes before being replaced by the Brazilian real. Despite no longer being in use, the milreis remains an important part of Brazil's monetary history.
Milreis Examples
- The price of the antique vase was listed at 500,000 milreis.
- During the 19th century, Brazil used milreis as its currency.
- The historical building was sold for 2 million milreis.
- Inflation caused the value of the milreis to plummet.
- The milreis banknotes featured prominent Brazilian figures.
- At the time, 1000 milreis could buy a nice meal at a restaurant.
- Many businesses still price their products in milreis for tradition's sake.
- Tourists often collect old milreis coins as souvenirs.
- Brazilian history buffs study the evolution of the milreis currency.
- Numismatists specialize in collecting and studying milreis coins.