Brazilian cruzeiro real

Brazilian cruzeiro real cruzeiro real brasileiro (Portuguese)
User(s)	Brazil
Subunit
1/100	centavo
Plural	cruzeiros reais
Coins
Freq. used	5, 10, 50, 100 cruzeiros reais
Banknotes
Freq. used	50, 100, 500, 1000, 5000 and 50,000 cruzeiros reais
Central bank	Central Bank of Brazil
Website	www.bc.gov.br
Printer	Casa da Moeda do Brasil
Website	www.casadamoeda.com.br
Mint	Casa da Moeda do Brasil
Website	www.casadamoeda.com.br

The cruzeiro real (, plural: cruzeiros reais) was the short-lived currency of Brazil between 1st August, 1993 and mid-1994. It was subdivided in 100 centavos, however, this unit was used only for accounting purposes. The currency had the ISO 4217 code BRR.

[edit] History

The cruzeiro real replaced the third cruzeiro, with 1000 cruzeiros = 1 cruzeiro real. The cruzeiro real was replaced in circulation by the real at a rate of 1 real for 2750 cruzeiros reais. Before this occurred, the unidade real de valor (pegged to the U.S. dollar at parity) was used in pricing, to allow the population to become accustomed to a stable currency (after many years of high inflation) before the real was introduced.

[edit] Coins

Stainless-steel coins were issued in 1993 and 1994 in denominations of 5, 10, 50 and 100 cruzeiros reais.

[edit] Banknotes

In 1993, provisional banknotes were introduced in the form of cruzeiros notes overprinted in the new currency. These were in denominations of 50, 100 and 500 cruzeiros reais. Regular notes followed in denominations of 1000, 5000 and 50,000 cruzeiros reais.

[edit] References

[edit] External links

v • d • e Historical currencies of Brazil Real (Réis) Rs [—] 1690–1942 Cruzeiro Cr / ₢ [BRZ] 1942–1967 Cruzeiro (novo) NCr / Cr$ [BRB] 1967–1986 Cruzado Cz$ [BRC] 1986–1989 Cruzado novo NCz$ [BRN] 1989–1990 Cruzeiro Cr$ [BRE] 1990–1993 Cruzeiro real CR$ [BRR] 1993–1994 Real R$ [BRL] 1994–present