Brazilian cruzeiro novo

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Cruzeiro novo
1 centavo coin from 1967, issued for the cruzeiro novo
Denominations
Subunit
1⁄100	centavo
Plural	cruzeiros novos
centavo	centavos
Symbol	NCr$
Banknotes	1, 5, 10 and 50 centavos 1, 5 and 10 cruzeiros novos (overstamped cruzeiro notes)
Coins	1, 2, 5, 10, 20 and 50 centavos
Demographics
Date of introduction	13 February 1967
Source	[1]
Replaced	Cruzeiro (1st version)
Date of withdrawal	15 May 1970 (replaced by the cruzeiro) 1 July 1972(no longer legal tender banknotes up to 10 centavos) 1 July 1973(no longer legal tender banknotes up to 1 cruzeiro novo) 1 July 1974(no longer legal tender banknotes up to 5 cruzeiros novos) 1 July 1975(no longer legal tender all banknotes of this denomination)
Source	[2]
Replaced by	(2nd version)
User(s)	Brazil
This infobox shows the latest status before this currency was rendered obsolete.

The cruzeiro novo ("new cruzeiro", represented by the symbol NCr$) was the currency of Brazil between 1967 and 1970. It was introduced due to inflation and financial instability in the country, and had a conversion rate of 1 cruzeiro novo equal to 1000 "old" cruzeiros.

In 1970, the currency was renamed to simply "", and subsequently had its own banknotes and other coins issued.^[2]

History[]

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Coins[]

Six denominations of coins were issued in 1967 – and some continued to be issued even after the currency was renamed in 1970. The cruzeiro novo coins issued were 1, 2, 5, 10, 20 and 50 centavos.^[3]

Standard circulating coins of the Cruzeiro Novo (1967–1970)

Reverse	Obverse	Value	Minting period	Obverse description	Withdrawn
		NCr$0.01	1967–1969	Portrays the effigy of the Republic	31 dec 1980
		NCr$0.02
		NCr$0.05
		NCr$0.10	1967–1970		15 aug 1984
		NCr$0.20
		NCr$0.50	1967

Banknotes[]

Banknotes with denominations higher than Cr$10 from the previous currency, the first cruzeiro, remained legal tender after being officially overstamped by Central Bank of Brazil with their new value, 1⁄1000 of their face value.^[1]

• 

  A Cr$10 note overstamped with the text "1 centavo", indicating it was now worth NCr$0.01

References[]

Bibliography[]

• Rodrigues, Natália. "Cruzeiro Novo - História do Brasil" [Cruzeiro Novo - History of Brazil]. InfoEscola (in Portuguese). Retrieved 6 July 2021.