Cruzeiro (currency)

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₢

Cruzeiro ( currency symbol : ₢ ( Unicode 0x20A2); plural: "Cruzeiros") was the name of various currencies in Brazil .

history

The Cruzeiro was introduced in 1942 as part of a currency reform due to the already very high inflation rate at that time and replaced the original real , which had been in use since 1690, at a ratio of 1000 Réis to 1 Cruzeiro.

A one-cruzeiro banknote (1970-1986)

In 1967 this first Cruzeiro was replaced by the New Cruzeiro (Portuguese Cruzeiro Novo ) at the exchange rate 1000 (old) Cruzeiro = 1 New Cruzeiro, which was renamed Cruzeiro ( ISO code : BRB) in 1970 .

In 1986 the second Cruzeiro was replaced by the Cruzado (ISO code: BRC, conversion: 1000 BRB = 1 BRC).

The Cruzado was followed in 1989 by the New Cruzado (ISO code: BRN, conversion: 1000 BRC = 1 BRN).

In 1990 the Third Cruzeiro (Portuguese: Terceiro Cruzeiro , ISO code: BRE) replaced the New Cruzado in a ratio of 1: 1.

The third Cruzeiro was followed in 1993 by the Cruzeiro Real (ISO code: BRR, conversion: 1000 BRE = 1 BRR), followed by the Real (ISO code: BRL, conversion: 2750 BRR = 1 BRL) followed.

Tabular overview of the currencies of Brazil

time currency ISO code Exchange rate
to the previous currency to the original real
1690-1942 real -
1942-1967 (1.) Cruzeiro - 1000: 1 1000: 1
1967-1970 Cruzeiro novo - 1000: 1 1,000,000: 1
1970-1986 (2.) Cruzeiro BRB 1: 1 1,000,000: 1
1986-1989 Cruzado BRC 1000: 1 1,000,000,000: 1
1989-1990 Cruzado novo BRN 1000: 1 1,000,000,000,000: 1
1990-1993 (3.) Cruzeiro BRE 1: 1 1,000,000,000,000: 1
1993-1994 Cruzeiro real BRR 1000: 1 1,000,000,000,000,000: 1
since 1994 real BRL 2750: 1 2,750,000,000,000,000,000: 1

literature

  • Dimas S. Souza: Cédulas brasileiras, 1942-1992: Cruzeiro, cruzeiro novo, cruzado, cruzado novo, cruzeiro . Dimas Sousa Numismática Ltda, São Paulo, 5th edition 1992 (Portuguese).

Web links