A short history of Brazilian currencies for foreign collectors
Coronation Coin, the most valuable brazilian coin. This gold coin was minted to celebrate the coronation of the first emperor of Brazil
Until the year 1500, Brazil was a aboriginal country, with no economy and no currency. With the arrival of the Portuguese in the 16th century, the occupation of the territory of Brazil by a civilized people began, however, the introduction of coins as a means of payment would still take some time to happen.
It is important to know that the first Brazilian currency, the “mil-réis”, existed until 1942, in the 20th century. There were centuries of existence of the same currency unit. Interestingly, from 1942 to 1994, in just 52 years, Brazil had seven other currencies. This was due to the high inflation rates in the period. From 1994 until today, the monetary standard is the “real”.
It is very difficult for foreign collectors to obtain mil-reis banknotes. Even for Brazilians it is not easy. The banknotes and coins of brazilian currencies instituted after 1942, are much easier to obtain and collect.
See below the brazilian banknotes from 1942:
The first and the second Cruzeiro family.
The “indian” banknote. A especial banknote.
“Novo Cruzeiro” banknotes. In 1967, the brazilian government changed the currency name and stamped Cruzeiro’s old bills with the new values.
In 1970, Brazilian money was again called Cruzeiro – and no longer Novo Cruzeiro. As of this year, the banknotes started to be manufactured in Brazil. Before, they were imported from the USA and England.
In 1986, inflation forced the government to change the name of brazilian money again. It came to be called Cruzado.
Just three years later, the name of the Brazilian currency was changed again. The “Cruzado Novo” emerged.
With the highest inflation in the world, in the following year, 1990, Brazil again changed the name of its money. The old name Cruzeiro came back.
In 1993, another change. Cruzeiro Real was born.
In 1994, the last change. Brazil overcame hyperinflation and since then its currency has been the Real. This is the first Real family.
From 2010, the banknotes of the second Real family began to circulate.
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