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Cruzeiro (monetary unit)

The Cruzeiro (₢) was the monetary unit of Brazil from 1942 to 1985. It was divided into 100 centavos. In 1967, Brazil issued new cruzeiros, with one new cruzeiro equal to one thousand old cruzeiros. Old banknotes were revalued with a simple handstamp, e.g. a "10 centavos" stamp on a 100-cruzeiro note.

In 1986, Brazil switched to a new currency unit, the cruzado. One cruzado was valued as 1000 (new) cruzeiros.

In 1990, Brazil switched back to the cruzeiro name for its currency, using it until 1993, when it was replaced by the Cruzeiro Real. One cruzeiro real was set equal to 1,000 cruzeiros.

See also

Last updated: 07-29-2005 20:18:00
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