Brazil — Historical Events Description

Brazil flag
Brazil
Event
Introduction of the Cruzeiro Currency
Category
Economic
Date
1942-01-09
Country
Brazil
Description

On January 9, 1942, Brazil introduced the cruzeiro as its national currency. The change replaced the real at the time. It aimed to stabilize the economy. Monetary reform supported wartime adjustments. The currency change affected daily commerce. It remained in use for decades.