Brazilian cruzeiro (1990–1993)

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Cruzeiro
Cédula 500000 Cruzeiros Mário de Andrade AnvRev.jpg
A 500 thousand cruzeiros note portraying Mário de Andrade
ISO 4217
CodeBRE
Denominations
Subunit
1100centavo
Pluralcruzeiros
centavocentavos
SymbolCr$
Banknotes50, 100, 200, 500,
1,000, 5,000,
10,000, 50,000
100,000 and 500,000 cruzeiros
Coins1, 5, 10, 50,
100, 500,
1,000 and 5,000 cruzeiros
Demographics
Date of introduction16 March 1990
 Source[1]
ReplacedCruzado novo
Date of withdrawal31 July 1993
 Source[2]
Replaced byCruzeiro real
User(s)Brazil
This infobox shows the latest status before this currency was rendered obsolete.

The cruzeiro was the currency of Brazil between 1990 and 1993. It was the third iteration of a Brazilian currency named "cruzeiro", and replaced the cruzado novo at par. It was used until 1993, when it was replaced by the cruzeiro real at a rate of 1 cruzeiro real = 1000 cruzeiros.

History[]

Coins[]

The 1, 5, 10 and 50 centavo coins issued in 1989 for use with the previous currency continued in use after the introduction of the cruzeiro. In 1990, stainless-steel 1, 5, 10 and 50 cruzeiro coins were introduced, followed by smaller 100, 500, 1000 and 5000 cruzeiros in 1992.

Standard circulating coins of the Cruzeiro (1990–1993)
Reverse Obverse Value Minting period Obverse description
BRE 1 - Reverso.JPG BRE 1 - Anverso.JPG Cr$1 1990 Portrays a section of the rhombus from the flag of Brazil
5 Cruzeiros BRE de 1990.png 5 Cruzeiros BRE de 1990 (verso).png Cr$5 1990–1992 Portrays a salt evaporation pond worker
BRE 10 - Anverso.JPG BRE 10 - Reverso.JPG Cr$10 Portrays a rubber tapper and a factory plant
50-cruzeiros-1991-reverso.png 50-cruzeiros-1991-anverso.png Cr$50 Portrays a woman selling goods in a street market
100 Cruzeiros BRE de 1992.png 100 Cruzeiros BRE de 1992 (verso).png Cr$100 1992–1993 Portrays a manatee, and its Portuguese name in the lettering "Peixe-boi"
500-cruzeiros-1992-reverso.png 500-cruzeiros-1992-anverso.png Cr$500 Portrays a sea turtle, and its Portuguese name in the lettering "Tartaruga Marinha"
1000 Cruzeiros BRE de 1993.png 1000 Cruzeiros BRE de 1993 (verso).png Cr$1000 Portrays angelfish, and their Portuguese name in the lettering "Acará"

The cruzeiro only had one circulating commemorative coin, celebrating the 200th anniversary of Tiradentes's death (1792–1992).

Circulating commemorative coins of the Cruzeiro (1990–1993)
Reverse Obverse Value Minting period Description
5000-cruzeiros-tiradentes-1992-reverso.png 5000-cruzeiros-tiradentes-1992-anverso.png Cr$5000 1992 Portrays the bust of Tiradentes, and the lettering "Liberdade" (Liberty), "Cidadania" (Citizenship) and "Tiradentes"

Additionally, the cruzeiro also had two distinct non-circulating silver commemorative coins.

Non-circulating commemorative coins of the Cruzeiro (1990–1993)
Reverse Obverse Value Minting period Description
(missing photo) (missing photo) Cr$500 1991 Commemorates the 500th anniversary (1492–1992) of the discovery of the Americas by the Europeans
(missing photo) (missing photo) Cr$2000 1992 Commemorates the UN Conference on Environment and Development, held in Rio de Janeiro in 1992

Banknotes[]

The first banknotes were overprints on cruzado novo notes, in denominations of 50, 100, 200 and 500 cruzeiros. In 1990, regular notes in values of 100, 200, 500, 1000 and 5000 cruzeiros were introduced, followed by 10,000 and 50,000 cruzeiros in 1991, 100,000 cruzeiros in 1992 and 500,000 cruzeiros in 1993. In 1992, the 50 and 100 cruzeiro banknotes were withdrawn and the higher denominations were withdrawn in 1994.

Brazilian cruzeiro
Preceded by:
Cruzado novo
Reason: currency renaming
Ratio: at par
Currency of Brazil
16 March 1990 – 31 July 1993
Succeeded by:
Cruzeiro real
Reason: inflation
Ratio: 1 cruzeiro real = 1000 cruzeiros

References[]

  1. ^ "Medida Provisória Nº 168" (in Portuguese). Câmara dos Deputados. 15 March 1990. Retrieved 5 July 2021.
  2. ^ "Medida Provisória Nº 336" (in Portuguese).  [pt]. 28 July 1993. Retrieved 5 July 2021.

Bibliography[]

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