Everything about Brazilian Cruzeiro Real totally explained
The
cruzeiro real (CR$, plural: cruzeiros reais) was the short-lived
currency of
Brazil between 1st August,
1993 and mid-
1994. No subdivisions were issued. The cruzeiro real replaced the third
cruzeiro, with 1000 cruzeiros = 1 cruzeiro real. The currency had the
ISO 4217 code
BRR. 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.
Coins
Stainless-steel coins were issued in 1993 and 1994 in denominations of 5, 10, 50 and 100 cruzeiros reais.
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.
Further Information
Get more info on 'Brazilian Cruzeiro Real'.
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