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Cruzeiro | |
---|---|
ISO 4217 | |
Code | BRB |
Number | 076 |
Denominations | |
Subunit | |
1⁄100 | centavo |
Plural | cruzeiros |
centavo | centavos |
Symbol | Cr$ |
Banknotes | 1, 5, 10, 50, 100, 200, 500, 1,000, 5,000, 10,000, 50,000 and 100,000 cruzeiros |
Coins | 1, 2, 5, 10, 20 and 50 centavos 1, 5, 10, 20, 50, 100, 200, 500 cruzeiros |
Demographics | |
Date of introduction | 15 May 1970 |
Source | [1] |
Replaced | Cruzeiro Novo |
Date of withdrawal | 27 February 1986 |
Source | [2] |
Replaced by | Cruzado |
User(s) | Brazil |
This infobox shows the latest status before this currency was rendered obsolete. |
The cruzeiro was the currency of Brazil between 1970 and 1986. It is the second of the 3 historical Brazilian currencies called "cruzeiro".
In 1967, Brazil introduced the "cruzeiro novo" ("new cruzeiro", a name that only appeared on the provisional issue of banknotes) as a transitional currency, with 1 cruzeiro novo equal to 1000 "old" cruzeiros. It was then renamed to simply "cruzeiro" in 1970.
In 1986, the country switched to the cruzado, at a ratio of 1 cruzado = 1000 cruzeiros.
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Coins were introduced in 1967, while the currency was still called cruzeiro novo, in denominations of 1, 2, 5, 10, 20 and 50 centavos. After the currency was renamed to simply "cruzeiro", these coins remained in used, followed by the issue of 1 cruzeiro coins in 1970. The 1, 2 and 5 centavos were struck in stainless steel, with the higher denominations struck in cupro-nickel or nickel, replaced by stainless steel in 1974 and 1975 except for the 1 cruzeiro. Between 1979 and 1981, stainless-steel 1, 5, 10, 20 and 50 cruzeiros were introduced, followed by smaller, stainless-steel 100, 200 and 500 cruzeiros in 1985.
Most of the first series of the cruzeiro were very similar in design, portraying the effigy of the Republic on the obverse.
Reverse | Obverse | Value | Minting period | Obverse description |
---|---|---|---|---|
Cr$0.01 | 1975 | Portrays the effigy of the Republic | ||
Cr$0.02 | ||||
Cr$0.05 | ||||
Cr$0.10 | 1974–1979 | |||
Cr$0.20 | 1975–1979 | |||
Cr$0.50 | 1970–1979 | |||
Cr$1.00 | 1974–1978 |
The series also had a few circulating commemorative coins.
First series of circulating commemorative coins of the Cruzeiro (1970–1986) | ||||
---|---|---|---|---|
Reverse | Obverse | Value | Minting period | Description |
Cr$0.01 | 1975–1978 | Celebrates the Food and Agriculture Organization | ||
Cr$0.02 | ||||
Cr$0.05 | ||||
Cr$1.00 | 1972 | Commemorates the 150th Anniversary of the Independence of Brazil (1822–1972) |
Non-circulating commemorative coins were also minted.
First series of non-circulating commemorative coins of the Cruzeiro (1970–1986) | ||||
---|---|---|---|---|
Reverse | Obverse | Value | Minting period | Description |
(missing photo) | (missing photo) | Cr$10.00 | 1975 | Commemorates the 10th anniversary of the Central Bank of Brazil (1964–1974) |
(missing photo) | (missing photo) | Cr$20.00 | 1972 | Commemorates the 150th anniversary of the Independence of Brazil (1822–1972) |
(missing photo) | (missing photo) | Cr$300.00 |
Due to inflation and currency devaluation, the cruzeiro gradually shifted towards higher and integer denominations. The second series reflected this, with common circulation coins of Cr$20 and Cr$50. Curiously, a Cr$0.01 (1 centavo) coin continued to be produced until 1983, even though it had little to no value at the time. In contrast, the 10 and 50 centavos coins had proof mintings, but were never released to the public; the second lowest denomination was the Cr$1 coin.
Reverse | Obverse | Value | Minting period | Obverse description |
---|---|---|---|---|
Cr$0.01 | 1979–1983 | Portrays soybeans | ||
Unreleased | Unreleased | Cr$0.10 | N/A | Portrays a pair of fish |
Unreleased | Unreleased | Cr$0.50 | N/A | Portrays an ox |
Cr$1.00 | 1979–1984 | Portrays sugarcanes | ||
Cr$5.00 | 1980–1984 | Portrays a coffee plant | ||
Cr$10.00 | 1980–1984 | Portrays a map of Brazil's main roads | ||
Cr$20.00 | 1981–1986 | Portrays the Church of São Francisco de Assis in Ouro Preto | ||
Cr$50.00 | 1981–1986 | Portrays the Plano Piloto, a map of Brasília |
The second series also featured commemorative coins celebrating the Food and Agriculture Organization.
Second series of circulating commemorative coins of the Cruzeiro (1970–1986) | ||||
---|---|---|---|---|
Reverse | Obverse | Value | Minting period | Description |
Cr$1.00 | 1985 | Celebrates the Food and Agriculture Organization | ||
Cr$5.00 |
Similarly to the increase in value from each coin of the first series to the second series, the third series featured very high denominations of the cruzeiro.
Reverse | Obverse | Value | Minting period | Obverse description |
---|---|---|---|---|
Cr$100.00 | 1985–1986 | Portrays the coat of arms of Brazil | ||
Cr$200.00 | ||||
Cr$500.00 |
In 1967, provisional issues for the cruzeiro novo were made consisting of "old" cruzeiro notes which were overstamped with the values 1, 5, 10 and 50 centavos, and 1, 5 and 10 cruzeiros novos. These notes were withdrawn between 1972 and 1975. In 1970, regular issues of cruzeiro notes were introduced in denominations of 1, 5, 10, 50 and 100 cruzeiros. Notes of 500 cruzeiros were introduced in 1972, followed by 1000 cruzeiros in 1978. In 1981, a new series of banknotes was issued in values of 100, 200, 500, 1000 and 5000 cruzeiros. Banknotes up to 50 cruzeiros of the previous series were replaced by coins by 1984 and 10,000 and 50,000 cruzeiro banknotes were introduced, followed by 100,000 cruzeiros in 1985, by which time notes up to 500 cruzeiros had been replaced by coins.
Date | Rate | Date | Rate | |
---|---|---|---|---|
1970 | 4.86 | 1980 | 64.21 | |
1971 | 5.63 | 1981 | 125.42 | |
1972 | 6.18 | 1982 | 244.86 | |
1973 | 6.22 | 1983 | 940 | |
1974 | 7.44 | 1984 | 3008 | |
1975 | 9.07 | 1985 | 9855 | |
1976 | 12.35 | 1986 (Feb) | 12,985 | |
1977 | 15.80 | |||
1978 | 20.47 | |||
1979 | 42.53 |
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Preceded by: Cruzeiro Novo Reason: currency renaming Ratio: at par | Currency of Brazil 15 May 1970 – 27 February 1986 | Succeeded by: Cruzado Reason: inflation Ratio: 1 cruzado = 1000 cruzeiros |