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The old Brazilian real from 1747 to 1942, with 1,000 réis also called the milréis. The first cruzeiro from 1942 to 1967, at 1 cruzeiro = 1 milréis or 1,000 réis. The cruzeiro novo from 1967 to 1970, at 1 cruzeiro novo = 1,000 first cruzeiros. From 1970 it was simply called the (second) cruzeiro and was used until 1986.
The (first) cruzeiro (Cr$ or C$) was the official currency of Brazil from 1942 to 1967. [1] It replaced the old real (pl. réis), which had been in use since colonial times, at the rate of Rs 1$000 = Cr$1, It was in turn replaced by the cruzeiro novo, at the rate of Cr$1,000 = NCr$1.
Until 1747 the Brazilian real was the same as the Portuguese real, with the gold peça of 13.145 g fine gold worth 6,400 réis or 6 400. After that date, however, the Brazilian real started to become a separate currency unit when the value of the peça was raised by 10% in Brazil (but not in Portugal) to 7,040 réis . [ 2 ]
Not considering inflation, one modern Brazilian real is equivalent to 2,750,000,000,000,000,000 times the old real, that is, 2.75 × 10 18 (2.75 quintillion) réis. Before leaving Brazil in 1821, the Portuguese royal court withdrew all the bullion currency it could from banks in exchange for what would become worthless bond notes; [ 12 ] [ 13 ]
Brazilian cruzeiro refers to any of four distinct Brazilian currencies: . Brazilian cruzeiro (1942–1967), worth 1000 Brazilian réis. Brazilian cruzeiro (1967–1986), denominated cruzeiro novo between 1967 and 1970 in the transition from the previous standard banknotes to the new banknotes issued by Casa da Moeda do Brasil to avoid confusion between the old and the new currency, worth 1.000 ...
In 1981, a family of banknotes based on the model of the 1000 cruzeiros note of 1978 was launched, with banknotes worth 100, 200, 500, 1000 and 5000 cruzeiros being issued. There would be no new changes in the currency until 1984, when banknotes of up to 50 cruzeiros lost their legal tender and banknotes of 10,000 and 50,000 cruzeiros were ...
The cruzado was the currency of Brazil from 1986 to 1989. It replaced the second cruzeiro (at first called the "cruzeiro novo") in 1986, at a rate of 1 cruzado = 1000 cruzeiros (novos) and was replaced in 1989 by the cruzado novo at a rate of 1000 cruzados = 1 cruzado novo.
Particularly in professional contexts, the unambiguous ISO 4217 three letter code (AUD, MXN, USD, etc.) is preferred. The dollar sign, alone or in combination with other glyphs, is or was used to denote several currencies with other names, including: Brazilian cruzeiro (various currencies, all defunct): ₢$, CR, Cr, NCr, etc. Brazilian real: R$