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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".
New cruzeiro banknotes were printed starting in 1943. Rs 20$000 banknote overstamped "20 cruzeiros" near the upper left corner. By 1967 devaluation of the cruzeiro had rendered prices unwieldy, so on 13 February 1967 the military government decreed its replacement by a new currency, the cruzeiro novo (NCr$), at a rate of NCr$1 = Cr$1,000.
Brazilian cruzeiro refers to any of four distinct Brazilian currencies: . Brazilian cruzeiro (1942–1967), worth 1000 Brazilian réis. Brazilian cruzeiro (1967–1986), denominated cruzeiro novo between 1967 and 1970 in the transition from the previous standard banknotes to the new banknotes issued by Casa da Moeda do Brasil to avoid confusion between the old and the new currency, worth 1.000 ...
For example, a face value of 1 is missing from the cruzeiro novo (as its highest denomination of coin is NCr$0.50 because it's a transitory monetary standard between the cruzeiro issued between 1942 and 1967 and the cruzeiro issued after 1970) and from the old real and the cruzeiro real (as their lowest denomination of coin is 5 Rs and CR$5 ...
1967 1968 1969: Flag; 22 stars (1960–68) ... 13 February: The Cruzeiro Novo, equivalent to one thousand old Cruzeiros, begins to circulate. [6] March.
The first cruzeiro from 1942 to 1967, at 1 cruzeiro = 1 milréis or 1,000 réis. The cruzeiro novo from 1967 to 1970, at 1 cruzeiro novo = 1,000 first cruzeiros. From 1970 it was simply called the (second) cruzeiro and was used until 1986. The cruzado from 1986 to 1989, at 1 cruzado = 1,000 second cruzeiros.
Brazilian cruzado novo; Brazilian cruzeiro; Brazilian cruzeiro (1942–1967) Brazilian cruzeiro (1990–1993) Brazilian cruzeiro (1967–1986) Brazilian cruzeiro real; R.
The "cruzeiro novo" (NCr) was worth 1,000 of the old cruzeiros; on May 15, 1970, the cruzeiro novo would revert to its old name as the cruzeiro. On February 28, 1986, a new " cruzado " (worth 1,000 of the 1970 cruzeiros and one million of the 1966 cruzeiros) would be issued; on August 1, 1993, the "cruzeiro real" (worth 1,000 cruzados or one ...