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About: Brazilian cruzeiro (1967–1986)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Currency, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcurrency New Facet based on Instances of this Class

The cruzeiro, initially denominated cruzeiro novo (lit. 'new cruzeiro'), was the currency of Brazil between 1967 and 1986. It is the second of the 3 historical Brazilian currencies called "cruzeiro". It was introduced as cruzeiro novo, with symbol NCr$, and remained with that denomination between 1967 and 1970 in the transition from the previous standard banknotes issued by American Bank Note Company and Thomas de la Rue to the new banknotes issued mainly by Casa da Moeda do Brasil. It was introduced due to inflation and financial instability in the country, and had a conversion rate of 1 cruzeiro novo = 1000 "old" cruzeiros.