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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 ...
For example, the cruzeiro novo was still legal tender for 2 years after the second cruzeiro was introduced. Not considering inflation , one modern Brazilian real is equivalent to 2,750,000,000,000,000,000 times the old real, that is, 2.75 × 10 18 (2.75 quintillion ) réis.
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 ...
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The cruzado was the currency of Brazil from 1986 to 1989. It replaced the second cruzeiro (at first called the "cruzeiro novo") in 1986, at a rate of 1 cruzado = 1000 cruzeiros (novos) and was replaced in 1989 by the cruzado novo at a rate of 1000 cruzados = 1 cruzado novo.
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In 1990, regular notes in values of 100, 200, 500, 1000 and 5000 cruzeiros were introduced, followed by 10,000 and 50,000 cruzeiros in 1991, 100,000 cruzeiros in 1992 and 500,000 cruzeiros in 1993. In 1992, the 50 and 100 cruzeiro banknotes were withdrawn and the higher denominations were withdrawn in 1994, although banknotes of up to 1000 ...
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