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Brazil Hyperinflation Banknotes

 

500,000 Cruzeiros, (1993)

500,000 Cruzeiros, (1993) front
500,000 Cruzeiros, (1993) back

Enlarge: Front500,000 Cruzeiros, (1993) front
 & Back500,000 Cruzeiros, (1993) back

Front: Mário de Andrade (1893-1945), Brazilian poet and novelist

Back: de Andrade teaching school children

Back to Hyperinflation Banknotes

Brazil had gone through a long period of inflation and associated series of currency reforms for almost four decades. Inflation finally appears to be under control in recent years.

Currency reforms:
1 Cruzeiro Novo = 1,000 Cruzeiros (1967)
1 Cruzado = 1,000 Cruzeiro Novo (1986)
1 Cruzado Novo = 1,000 Cruzados (1989)
Name change: 1 Cruzeiro = 1 Cruzado Novo (1990)
1 Cruzeiro Real = 1,000 Cruzeiros (1993)
1 Real =2,750 Cruzeiros Reals (1994)

The overall impact of inflation: 1 Real = 2,750,000,000,000,000 pre-1967 Cruzeiros

 

 

 

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