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About: Brazilian cruzado novo     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : umbel-rc:Currency, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcurrencyyago:WikicatCurrenciesOfBrazilyago:WikicatModernObsoleteCurrenciesyago:Abstraction100002137yago:Currency113385913yago:Measure100033615yago:MediumOfExchange113372961yago:Standard107260623yago:SystemOfMeasurement113577171umbel-rc:Currency New Facet based on Instances of this Class

The Cruzado Novo was the short-lived currency of Brazil between 15 January 1989 and 15 March 1990. It replaced the cruzado in the rate of 1000 cruzados = 1 cruzado novo. It had the symbol and the ISO 4217 code BRN. In 1990, the cruzado novo was renamed the (third) cruzeiro. This currency was subdivided in 100 centavos. The method of monetary redenomination would be used again in 1990, when Fernando Collor de Mello assumed the presidency, and this redenomination to cruzeiro was on par with this currency then in circulation, despite the even darker effects of such an economic plan.