The Plano Real and the Global Crisis
The Plano Real and the Global Crisis Stanley Martins Frasão The Provisional Measure [1] 542, of June 30, 1994, ratified afterwards by several others, was converted into the Law 9.069/95, which ruled on the Plano Real and, among other things, established regulations for the transition from Cruzeiro Real, the URV and the Real, especially concerning the conversions of obligations. The aforementioned Provisional Measure altered the currency of the country, commanded the writing in Real of all pecuniary expressions that translated into the national currency, fixed the parity between the Real and the Cruzeiro Real, and between the URV and the Real. The Program of Economic Stability, or Plano Real, is considered the best in combating inflation, among others launched in recent times. More accurately we continue in search of economic stability, for Brazilian inflation, according to the IBGE, measured by the IPCA (families with monthly incomes within 1 to 40 minimal wages), presents the followi...