Brazil - 10,000 Cruzeiros - P-203 - Foreign Paper Money

10,000 Cruzeiros, (1984), P-203. The cruzeiro real (, plural: cruzeiros reais) was the short-lived currency of Brazil between August 1, 1993, and June 30, 1994. It was subdivided in 100 centavos; however, this unit was used only for accounting purposes, and the coins and banknotes still valid for cruzeiro between 10 and 500 cruzeiros were used for the purpose of corresponding to the cents of that coin, especially when the redenomination was carried out. The currency had the ISO 4217 code BRR.

This redenomination, at the beginning of the second half of 1993, was made with the objective of facilitating the accounting of day-to-day activities, which in the previous unit implied the placement of several zeros that made it difficult to record values ​​in calculators and machines. that issued tax coupons in an automated way at that time, with the objective that such relatively fragile systems would not present problems in the accounting of such values, especially in the rampant inflation in Brazil in the first half of the 1990s, the result of several unsuccessful economic plans and an economy whose inflationary sieve hid its unproductive bottlenecks. The cruzeiro real was replaced with the current Brazilian real as part of the Plano Real. Read more at https://en.wikipedia.org/wiki/Brazilian_cruzeiro_real

Read More

Read Less