What does rei mean?
The rei was a unit of currency in Brazil, introduced in 1994 as part of a broader economic stabilization plan. It was the official currency until 2000, when it was replaced by the real at a 1:1 ratio. The introduction of the rei was an attempt to curb inflation and restore economic stability in Brazil. Although it is no longer in circulation, the rei remains a notable part of Brazil's economic history. The currency's name reflects its value as a stable unit of exchange.
nounA unit of currency in Brazil from 1994 to 2000.
- A former Brazilian currency unit
"The new currency, called the real or rei, was introduced in 1994."
"The rei was replaced by the real in 2000."
"The value of the rei fluctuated during its circulation."
The plural form 'reis' is used when referring to multiple units of the currency.
"The total value of the reis in circulation was substantial."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of rei
The term 'rei' comes from the Portuguese word for 'king', reflecting the currency's value and stability. The rei was part of a broader effort to modernize and stabilize Brazil's economy in the 1990s.
How rei is actually used
The term 'rei' is mostly of historical interest now, as it was used to refer to the currency before 2000.