The cruzado was the

currency A currency 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 definition is that a currency is a ''system of money'' in common use within a specific envi ...

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

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

\mathrm\!\!\!\Vert

and 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 individ ...

code ''BRC''.

Coins

Standard

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.

Commemorative

Three designs of commemorative 100 cruzado coins, celebrating the 100th anniversary of the abolition of

slavery Slavery is the ownership of a person as property, especially in regards to their labour. Slavery typically involves compulsory work, with the slave's location of work and residence dictated by the party that holds them in bondage. Enslavemen ...

in the country (the

Lei Áurea The (; ), officially Law No. 3,353 of 13 May 1888, is the law that abolished slavery in Brazil. It was signed by Isabel, Princess Imperial of Brazil (1846–1921), an opponent of slavery, who acted as regent to Emperor Pedro II of Brazil, ...

), were produced in 1988. Although very rare in circulation, the numbers' design was carried over into both Cruzado Novo and the third Cruzeiro.

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

* * Cruzado 1986 establishments in Brazil 1989 disestablishments in Brazil 1980s in economic history 20th century in Brazil {{Brazil-econ-stub