Brazil and Her People of To-day: An Account of the Customs, Characteristics, Amusements, History and Advancement of the Brazilians, and the Development and Resources of Their CountryWinter, Nevin O. (Nevin Otto)
History
Brazil and Her People of To-day: An Account of the Customs, Characteristics, Amusements, History and Advancement of the Brazilians, and the Development and Resources of Their Country
Winter, Nevin O. (Nevin Otto)
Brazil
The first experience of the traveller with Brazilian money is rather
amusing. In New York I had obtained five thousand five hundred reis,
which seemed like a large sum of money, enough to pay for the whole
trip. Imagine my surprise when I found it lacked five hundred reis of
enough to pay for my first meal on shore! It cost three hundred reis
to mail a letter to the States, and a street car ride cost another four
hundred reis. My boatman cheated me out of one thousand reis without
moving an eyelid. All of these things caused me to put pencil to paper
in a little calculation. I found that I was a millionaire for the first
time in my life. At the rate of exchange then prevailing three hundred
and twenty-five dollars would buy one million reis, the money of the
country. You may feel like a millionaire when the bank clerk hands over
to you a package of bills, with thousands of reis printed all over
them; but the illusion soon vanishes when your hotel bill is presented
after a few days’ stay, for a million reis soon disappears. The reis
in an infinitesimal coin, so small that you could scarcely see it with
a magnifying glass, for one thousand of them are worth only thirty-one
cents. The milreis (one thousand reis) is used as the unit, and accounts
are thus carried in the decimal system, with the dollar mark at the end
of the thousand. Thus, one million reis, which is one thousand milreis,
or, as it is generally called, one conto, would be written 1,000$000. It
is the same as the Portuguese monetary system, although the Brazilian
milreis is only worth about half as much as that of Portugal. The money
is all paper, and the most of it is the dirtiest and filthiest money I
have ever handled. Some of the bills are so tattered, torn and greasy
that it is almost impossible for a stranger to tell what denomination
they are. The small denominations are large and awkward coins of several
different issues, and of several different sizes.
Public-domain text, read in full here on John Shaqi.
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