The cruzeiro real (

\mathrm\!\!\!\Vert

, plural: ''cruzeiros reais'') was the short-lived

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

between August 1, 1993, and June 30, 1994. It was subdivided in 100

centavo The centavo (Spanish language, Spanish and Portuguese language, Portuguese 'one hundredth') is a fractional monetary unit that represents one hundredth of a basic monetary unit in many countries around the world. The term comes from Latin ''centum ...

s; however, this unit was used only for accounting purposes, and the coins and banknotes still valid for cruzeiro between 10 and 500 cruzeiros were used for the purpose of corresponding to the cents of that coin, especially when the redenomination was carried out. The currency had the

ISO 4217 ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual ...

code ''BRR''. This redenomination, at the beginning of the second half of 1993, was made with the objective of facilitating the accounting of day-to-day activities, which in the previous unit implied the placement of several zeros that made it difficult to record values in calculators and machines. that issued tax coupons in an automated way at that time, with the objective that such relatively fragile systems would not present problems in the accounting of such values, especially in the rampant inflation in Brazil in the first half of the 1990s, the result of several unsuccessful economic plans and an economy whose inflationary sieve hid its unproductive bottlenecks. The cruzeiro real was replaced with the current Brazilian real as part of the

Plano Real The Plano Real (" Real Plan",The word ''real'' in Portuguese could be translated either to ''real'' or ''royal'' in English. The name of the plan comes from the name of the currency which was chosen to give the idea of a stable and credible pur ...

History

The cruzeiro real replaced the third cruzeiro, with 1000 cruzeiros = 1 cruzeiro real. The cruzeiro real was replaced in circulation by the

real Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) ...

at a rate of 1 real for 2750 cruzeiros reais. Before this occurred, the

unidade real de valor The Daily Unidade Real de Valor, or URV (Portuguese, ''Real Value Unit''), was a non-monetary reference currency (i.e., non-fiat) created in March 1994, as part of the Plano Real in Brazil. It was the most theoretically sophisticated piece of the ...

(pegged to the

U.S. dollar The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

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

Standard circulation stainless-steel coins were issued in 1993 and 1994 in denominations of 5, 10, 50 and 100 cruzeiros reais. The reverse of the coins portrayed iconic animals of the Brazilian fauna. No commemorative coins were issued for the Cruzeiro Real. The macaw and jaguar were represented again in the

Real Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) ...

's and bills, respectively, after their introduction in 1994, and the maned wolf was later portrayed in the bill since its introduction in late 2020.

Banknotes

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 50,000 cruzeiros reais. The 10,000 cruzeiros reais banknote was designed and scheduled to be put into circulation in the first months of 1994, but inflation and the impending release of a new economic plan put its release on hold and only the 50,000 Cruzeiro real banknote was released.Dez Mil Cruzeiros Reais (1993) - A Cédula que Nunca Circulou
Dinheiro de Metal, accessed in January 3, 2016. File:5000-cruzeiros-reais.png, A CR$5,000 banknote portraying a

gaúcho A gaucho () or gaúcho () is a skilled horseman, reputed to be brave and unruly. The figure of the gaucho is a folk symbol of Argentina, Uruguay, Rio Grande do Sul in Brazil, and the south of Chilean Patagonia. Gauchos became greatly admired and ...

and

chimarrão or maté () also known as or , is a traditional South American caffeine-rich infused drink. It is made by soaking dried leaves of the yerba mate (''Ilex paraguariensis''), in hot water and is served with a metal straw in a container typically ...

-shaped watermarks

References

* *

External links

{{Historical currencies of Brazil

cruzeiro real The cruzeiro real (\mathrm\!\!\!\Vert, 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, and ...

Currencies introduced in 1993 1993 establishments in Brazil 1994 disestablishments in Brazil 1993 in Brazil 1994 in Brazil 1993 in economics 1994 in economics