The Real Plan

The Real currency (R$) made 15 years day 01/07/2009 Our protagonist, the Real currency come back. In the truth a tool of the REAL PLAN. Others including WorkForce, offer their opinions as well. She is necessary still to come back in the time to make right the chronology of this plan: In May of 1993 it assumes the Treasury department Fernando Enrique Cardoso, the president was then Frank Itamar that substitua Collor, annulled in August of 1992. In August of 1993 dumb the effective currency and completely devaluated of Cruise for Real Cruise. In February of 1994, the MP n 434 creates the Real Unit of Valor (URV). In March of 1994 it was created Deep the Social one of Emergncia (FSE). The bases of the plan were being planted and finally, in 1 of July of 1994 it occurs launching of the currency, the Real (R$). The personages of the time were the call group of PUC-River and the House of the Garas, an institute of economic research.

Known and respected economists. We can say that group was composed for Frank Itamar, the president, Fernando Enrique Cardoso, Secretary of the Treasury, and the economists Peter Malan, Gustavo Franc, Edmar Bacha, Prsio Arida and Andres Lara Resende in the Central banking and assessorship. The main actions of the Real Plan had been: Desindexao of the economy saw creation URV, that I repute the most important measure for having broken the vicious cycle of the inflation that arrebentava the country since middle of the decade of 80. The indexation was the terror therefore the future expectation fed the machine of readjustments that only confirmed this expectation and created a vicious cycle of the inflation in spiral. The URV was responsible for the transistion of a rotten currency, for a good currency. One program of privatizations, at the time an inspired world-wide modismo in the results harvested for Margaret Thatcher in England.