Brazilian cruzeiro real
|Brazilian cruzeiro real|
|cruzeiro real brasileiro (Portuguese)|
|Central bank||Central Bank of Brazil|
|Freq. used||5, 10, 50, 100 cruzeiros reais|
|Freq. used||50, 100, 500, 1000, 5000 and 50,000 cruzeiros reais|
|Printer||Casa da Moeda do Brasil|
|Mint||Casa da Moeda do Brasil|
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 unit was used only for accounting purposes. The currency had the ISO 4217 code BRR.
The cruzeiro real replaced the third cruzeiro, with 1000 cruzeiros = 1 cruzeiro real. 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.
Stainless-steel coins were issued in 1993 and 1994 in denominations of 5, 10, 50 and 100 cruzeiros reais.
In 1993, provisional banknotes were introduced in the form of cruzeiro 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 500,000 cruzeiros reais.
- Krause, Chester L., and 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.