Brazilian cruzeiro (1967–1986)
Brazilian currency from 1967 to 1970 / From Wikipedia, the free encyclopedia
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The cruzeiro, initially denominated cruzeiro novo (lit. 'new cruzeiro'), was the currency of Brazil between 1967 and 1986. It is the second of the 3 historical Brazilian currencies called "cruzeiro".
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|
Unit | |
---|---|
Unit | cruzeiro novo; cruzeiro |
Plural | cruzeiros novos/cruzeiros |
Symbol | NCr$ (between 1967 and 1970), Cr$ (between 1970 and 1986) |
Denominations | |
Subunit | |
1⁄100 | centavo |
Plural | |
centavo | centavos |
Banknotes | 1, 5, 10 and 50 centavos 1, 5 and 10 cruzeiros novos (provisional overstamped old cruzeiro notes) 1, 5, 10, 50, 100 and 500 cruzeiros (first family of banknotes) 100, 200, 500, 1.000 and 5.000 cruzeiros (second family of banknotes) 10.000, 50.000 and 100.000 cruzeiros (third family of banknotes) |
Coins | 1, 2, 5, 10, 20 and 50 centavos and 1 cruzeiro (first family of coins) 1 centavo 1, 5, 10, 20 and 50 cruzeiros (second family of coins) 100, 200 and 500 cruzeiros (third family of coins) |
Demographics | |
Date of introduction | 13 February 1967[1] |
Replaced | Cruzeiro (1st version) |
Date of withdrawal | 28 February 1986[2] |
Replaced by | Cruzado |
User(s) | Brazil |
Issuance | |
Central bank | Banco Central do Brasil |
Website | www |
Printer | Casa da Moeda do Brasil (except provisional banknotes and supplementary issue of 50 million 100-cruzeiro banknotes in 1970 from series A00001 to A00500) |
Mint | Casa da Moeda do Brasil |
Website | www |
This infobox shows the latest status before this currency was rendered obsolete. |
It was introduced as cruzeiro novo, with symbol NCr$, and remained with that denomination between 1967 and 1970 in the transition from the previous standard banknotes issued by American Bank Note Company and Thomas de la Rue to the new banknotes and coins issued mainly by Casa da Moeda do Brasil. It was introduced due to inflation and financial instability in the country, and had a conversion rate of 1 cruzeiro novo = 1000 "old" cruzeiros.
After the transition period for the Casa da Moeda do Brasil to be able to manufacture the new banknotes, the currency was renamed simply cruzeiro, with symbol Cr$.
The cruzeiro remained as the official currency until 1986, when the it was replaced by the cruzado, at a rate of 1 cruzado = 1000 cruzeiros.[2]