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The cruzeiro was the currency of Brazil between 1990 and 1993. It was the third iteration of a Brazilian currency named "cruzeiro", and replaced the cruzado novo at par. It was used until 1993, when it was replaced by the cruzeiro real at a rate of 1 cruzeiro real = 1000 cruzeiros.
Brazilian cruzeiro (1990–1993), redenomination of cruzado novo stemming from the Plano Collor. Brazilian cruzeiro real (1993–1994), currency with a view to facilitating accounting transactions in the transition between the 1990–1993 cruzeiro and real , necessary due to the difficulties of accounting values at the time due to inflation.
However, in March 1990, before the coin was released to the public, the country's currency changed to the Cruzeiro (3rd iteration), so that design never circulated. [1] There are 41 specimens in the Central Bank of Brazil's internal storage, of which there are forty 1990 issues, and a single 1989 issue, the only known specimen of that year. [2]
In 1986 because of inflation banknotes of the cruzado were issued by Central Bank of Brazil in denominations of 10, 50, 100, 500, 1000, 5000 and 10 000 cruzados. This bank had the sole authority to issue cruzado notes and Casa da Moeda do Brasil was the sole printer of these banknotes.
The cruzeiro real (‖, plural: cruzeiros reais) was the short-lived currency of Brazil between August 1, 1993, and June 30, 1994. It was subdivided in 100 centavos; however, this subunit was used only for accounting purposes, and coins and banknotes worth 10 to 500 of the preceding cruzeiro remained valid and were used for the purpose of corresponding to centavos of the cruzeiro real ...
Hyperinflation in Brazil occurred between the first three months of 1990. The monthly inflation rates between January and March 1990 were 71.9%, 71.7% and 81.3% respectively. [ 1 ] As accepted by the International Monetary Fund (IMF), hyperinflation is defined as a period of time in which the average price level of goods and services rise by ...
Brazilian cruzeiro (1990–1993) Brazilian cruzeiro (1967–1986) Brazilian cruzeiro real; R. Brazilian real (old) This page was last edited on 24 December 2015, at ...
The cruzado novo from 1989 to 1990, at 1 cruzado novo = 1,000 cruzados. From 1990, because of the Plano Collor it was renamed the (third) cruzeiro and was used until 1993. The cruzeiro real (CR$) from 1993 to 1994, at 1 cruzeiro real = 1,000 third cruzeiros. The current real was introduced in 1994 at 1 real = 2,750 cruzeiros reais.
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