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At the same time, the URV was defined to be worth 2,750 cruzeiros reais, which was the average exchange rate of the U.S. dollar to the cruzeiro real on that day. As a consequence, the real was worth exactly one U.S. dollar when it was introduced; as of June 2024, that was equivalent to R$8,08 corrected for inflation [ 2 ] .
For example, a face value of 100 is missing from the old real (as its lowest denomination of banknote is 500 Rs) and from the provisional cruzeiro novo (as its only banknotes were overstamps of the first cruzeiro, and the highest denomination was NCr$10). It is, however, present in all the other currencies:
In amounts of 1,000 réis and over, the "Rs" remained as the prefix, but the cifrão, , a doubly stroked dollar sign, was inserted just after the thousands digit — as in "Rs 1 712" for 1,712 réis. For amounts of one million reais and over, a colon ":" was also inserted just after the millions digit, as in "Rs 1:020 800" for 1,020,800 réis.
The cruzado was the currency of Brazil from 1986 to 1989. It replaced the second cruzeiro (at first called the "cruzeiro novo") in 1986, at a rate of 1 cruzado = 1000 cruzeiros (novos) and was replaced in 1989 by the cruzado novo at a rate of 1000 cruzados = 1 cruzado novo.
The cruzeiro real (‖, plural: cruzeiros reais) was the short-lived currency of Brazil between August 1, 1993, and June 30, 1994. It was subdivided in 100 centavos; however, this subunit was used only for accounting purposes, and coins and banknotes worth 10 to 500 of the preceding cruzeiro remained valid and were used for the purpose of corresponding to centavos of the cruzeiro real ...
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The (first) cruzeiro (Cr$ 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.
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