Cruzeiro real definitions
| Word backwards | oriezurc laer |
|---|---|
| Part of speech | The part of speech of "cruzeiro real" is a noun. |
| Syllabic division | cru-zei-ro re-al |
| Plural | The plural of the word "cruzeiro real" is "cruzeiros reais". |
| Total letters | 12 |
| Vogais (5) | u,e,i,o,a |
| Consonants (4) | c,r,z,l |
When discussing currency, the cruzeiro real was a monetary unit that was used in Brazil. It came into circulation in 1993, replacing the previous currency, the cruzeiro. The cruzeiro real was in use until 1994 when the Brazilian government introduced the real as the country's official currency.
History of Cruzeiro Real
The introduction of the cruzeiro real was part of a larger economic plan to stabilize Brazil's economy, which was plagued by hyperinflation at the time. The new currency was meant to help control inflation and provide a more stable economic environment for the country.
Features of Cruzeiro Real
The cruzeiro real was denominated in 1, 5, 10, 50, and 100 cruzeiros reais. It featured important Brazilian figures on its banknotes, such as Rui Barbosa and Sérgio Buarque de Holanda. The coins of cruzeiro real were minted in values of 1, 5, 10, and 50 centavos, as well as 1 and 5 cruzeiros reais.
Transition to the Real
Despite its intended purpose, the cruzeiro real did not succeed in stabilizing Brazil's economy. In 1994, the real was introduced as the official currency of Brazil, replacing the cruzeiro real at a rate of 1 real to 2750 cruzeiros reais. This transition marked the end of the cruzeiro real's brief existence as a currency.
In conclusion, the cruzeiro real played a significant role in Brazil's economic history, serving as a transitional currency during a period of economic instability. While the currency ultimately did not achieve its intended goals, it laid the groundwork for the introduction of the real and the stabilization of Brazil's economy.
Cruzeiro real Examples
- I exchanged my dollars for cruzeiro real when I visited Brazil.
- The cruzeiro real was the official currency of Brazil from 1993 to 1994.
- Many people collect old cruzeiro real coins as a hobby.
- The value of the cruzeiro real plummeted during the economic crisis.
- Tourists may need to convert their currency to cruzeiro real when traveling to Brazil.
- The government introduced the cruzeiro real to stabilize the economy.
- Local vendors only accept payment in cruzeiro real in some small towns.
- Banks may not exchange cruzeiro real banknotes if they are too damaged.
- I found an old cruzeiro real coin while metal detecting on the beach.
- The exchange rate for cruzeiro real fluctuates frequently.