The cruzado was the

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" 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 def ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

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 individual cu ...

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 and enslavement are both the state and the condition of being a slave—someone forbidden to quit one's service for an enslaver, and who is treated by the enslaver as property. Slavery typically involves slaves being made to perf ...

in the country (the

Lei Áurea The (; from Portuguese: Golden Law), adopted on May 13, 1888, was 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 ...

), 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 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 ...

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