Brazilian cruzeiro

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Former signs ₳ • ₢ • ₰ • ₯ • ₠ • ₣ • ℳ • ₧

The cruzeiro (Cr$) was the monetary unit of Brazil from 1942 to 1986 and again between 1990 and 1993. It was divided into 100 centavos.

Contents 1 First Cruzeiro, 1942-1967 2 Second Cruzeiro (Cruzeiro Novo), 1967-1986 3 Third Cruzeiro, 1990-1993 4 External references

[edit] First Cruzeiro, 1942-1967

The first cruzeiro was issued from 1942 to 1967. It replaced the real at a rate of 1000 réis = 1 cruzeiro. Coins were initially issued in denominations between 1 centavo and 5 cruzeiros, with later denominations going up to 100 cruzeiros. The first banknotes were overprints on earlier milréis notes, with denominations between 5 and 500 cruzeiros. 1 cruzeiro notes were introduced in 1944, with later issues going up to 10,000 cruzeiros.

[edit] Second Cruzeiro (Cruzeiro Novo), 1967-1986

In 1967, Brazil introduced the cruzeiro novo ("new cruzeiro"), with one cruzeiro novo equal to one thousand "old" cruzeiros. The first coins were issued in denominations between 1 centavo and 1 cruzeiro. Later coins were issued in denominations up to 5,000 cruzeiros. The first issue of banknotes consisted of old notes revalued with a simple handstamp, ranging from "1 centavo" stamps on 10-cruzeiro notes up to "10 cruzeiros novos" on 10,000-cruzeiros notes. When purpose-made banknotes and coins denominated in cruzeiros were issued in 1970, the name novo was dropped. Banknotes up to 100,000 cruzeiros were eventually issued.

In 1986, Brazil switched to a new currency unit, the cruzado. One cruzado was worth 1000 (novo) cruzeiros.

[edit] Third Cruzeiro, 1990-1993

In 1990, Brazil switched back to using the name cruzeiro for its currency. The cruzeiro replaced the cruzado novo at par. Coins were initially issued in denominations from 1 up to 50 cruzeiros, with later coins going up to 1000 cruzeiros. The first banknotes were overprints on cruzado novo notes, in denomination between 50 and 500 cruzeiros. Later notes were issued in denominations up to 500,000 cruzeiros.

The third cruzeiro was used until 1993, when it was replaced by the cruzeiro real. One cruzeiro real was equal to 1000 cruzeiros.

[edit] External references

• Brazilian Central Bank page on the Cruzeiro - authoritative source
• Article on Brazilian currency from the New Yorker
• History of Brazilian currency

v • d • e Historical currencies of Brazil
Real 1690–1942 Cruzeiro 1942–1967 Cruzeiro novo 1967–1970 Cruzeiro 1970–1986 Cruzado 1986–1989 Cruzado novo 1989–1990 Cruzeiro 1990–1993 Cruzeiro real 1993–1994 Real 1994–present