Brazilian cruzado novo
|Brazilian cruzado novo|
|cruzado novo brasileiro (Portuguese)|
|ISO 4217 code||BRN|
|Central bank||Central Bank of Brazil|
|Rarely used||1, 5, 10, 20, 50 centavos|
|Freq. used||50, 100, 200, 500 cruzados novos|
|Printer||Casa da Moeda do Brasil|
|Mint||Casa da Moeda do Brasil|
The Cruzado Novo was the short-lived currency of Brazil between 15 January 1989 and 15 March 1990. It replaced the cruzado in the rate of 1000 cruzados = 1 cruzado novo. It had the symbol and the ISO 4217 code BRN. In 1990, the cruzado novo was renamed the (third) cruzeiro. This currency was subdivided in 100 centavos.
Stainless-steel coins were issued in denominations of 1, 5, 10 and 50 centavos and 1 cruzado novo.
The first banknotes were overprints on cruzado notes, in denominations of 1, 5 and 10 cruzados novos. Regular notes followed the same year in denominations of 50, 100 and 200 cruzados novos, with the 500 cruzado novo note following in 1990. These banknotes were overprinted with the new name of the currency in 1990. In 1992, the 50 and 100 cruzado novo banknotes were withdrawn. The higher denominations were withdrawn in 1994.