Glossary: cruzeiro (Cr$)
DEFINITION:
The old national currency, consisting of 100 centavos, which replaced the mil-reis on November 1, 1942. The cruzeiro novo was created on February 8, 1967, to replace the cruzeiro. After August 1968, the cruzeiro novo was adjusted by small amounts at frequent intervals, often every week or two. On May 15, 1970, the currency reverted to the cruzeiro, which remained in effect until 1986 when it was replaced by the cruzado (q.v.). The cruzeiro was reinstituted on March 16, 1990.