Brazilian Cruzado
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Brazilian Cruzado
Brazilian cruzado
cruzado brasileiro  (Portuguese)
Brazil Candido Portinari banknote 1989.jpg
A 5000 cruzado banknote featuring Candido Portinari, overstamped as a 5 cruzados novos banknote
ISO 4217
CodeBRC
Denominations
Subunit
 1/100centavo
Pluralcruzados
SymbolCz$
Banknotes
 Freq. used10, 50, 100, 500, 1000, 5000, 10,000 cruzados
Coins
 Freq. used1, 5, 10 cruzados
 Rarely used1, 5, 10, 20, 50 centavos
Demographics
User(s) Brazil
Issuance
Central Bank of Brazil
 Websitewww.bc.gov.br
PrinterCasa da Moeda do Brasil
 Websitewww.casadamoeda.gov.br
MintCasa da Moeda do Brasil
 Websitewww.casadamoeda.gov.br

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.

This currency was subdivided in 100 centavos and it had the symbol and the ISO 4217 code BRC.

Coins

Stainless-steel coins were introduced in 1986 in denominations of 1, 5, 10, 20 and 50 centavos, and 1 and 5 cruzados, with 10 cruzados following in 1987. Coin production ceased in 1988.

100 cruzado coins commemorating the centenary of the abolition of slavery (the Lei Áurea) were produced in 1988. Although rare in circulation, the designs were carried over into the series issued between 1989 and 1991.

Banknotes

The first banknotes were overprints on cruzeiro notes, in denominations of 10, 50 and 100 cruzados. Regular notes followed in denominations of 10, 50, 100 and 500 cruzados, followed by 1000 cruzados in 1987, 5000 and 10,000 cruzados in 1988.

References

  • Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991 (18th ed.). Krause Publications. ISBN 0873411501.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

External links

Brazilian cruzado
Preceded by:
Cruzeiro
Reason: inflation
Ratio: 1 cruzado = 1000 cruzeiros
Currency of Brazil
28 February 1986 – 15 January 1989
Succeeded by:
Cruzado novo
Reason: inflation
Ratio: 1 cruzado novo = 1000 cruzados

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Brazilian_cruzado
 



 



 
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