The cruzeiro real (

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

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 ...

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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 ''centu ...

s; however, this subunit was used only for accounting purposes, and coins and banknotes worth 10 to 500 of the preceding cruzeiro remained valid and were used for the purpose of corresponding to centavos of the cruzeiro real, 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 individ ...

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. 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 p ...

History

The cruzeiro real replaced the third cruzeiro, with 1,000 cruzeiros = 1 cruzeiro real. The cruzeiro real was replaced in circulation by the

real Real may refer to: Currencies * Argentine real * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Nature and science * Reality, the state of things as they exist, rathe ...

at a rate of 1 real for 2,750 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: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

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. Coins worth 10 or more of the previous cruzeiro were retained to correspond to smaller denominations, such as the 1,000-cruzeiro coin for a single cruzeiro real, but became scarce by the end of 1993. No commemorative coins were issued for the Cruzeiro Real. The macaw and jaguar were represented again in the

Real Real may refer to: Currencies * Argentine real * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Nature and science * Reality, the state of things as they exist, rathe ...

'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 1,000, 5,000 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 and

chimarrão Mate ( ; Spanish: , Portuguese: ) is a traditional South American caffeine-rich infused herbal drink. It is also known as in Portuguese, in Spanish, and ''kaʼay'' in Guarani. It is made by soaking dried yerba mate (''Ilex paraguariensis'' ...

-shaped watermarks

References

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External links

{{Historical currencies of Brazil cruzeiro real Currencies introduced in 1993 1993 establishments in Brazil 1994 disestablishments in Brazil 1993 in Brazil 1994 in Brazil 1993 in economic history 1994 in economic history