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Brazil Hyperinflation Banknotes

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500,000 Cruzeiros, (1993)

500,000 Cruzeiros, (1993) front

Front

500,000 Cruzeiros, (1993) back

Back

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

Andrade was the central figure in the avant-garde movement of São Paulo for twenty years. Trained as a musician and best known as a poet and novelist, Andrade was personally involved in virtually every discipline that was connected with São Paulo modernism, and became Brazil's national polymath.

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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