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200 Cruzados Novos
| Issuer | Banco Central do Brasil |
|---|---|
| Year | 1989 |
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| Printer | Casa da Moeda do Brasil, Brazil |
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| Obverse description | At centre, a sculptural allegorical effigy of the Republic rendered in a classical style. To the left, an intaglio vignette commemorating the centenary of the Brazilian Republic, with historical figures Silva Jardim, Benjamim Constant, Marshal Deodoro da Fonseca, and Quintino Bocaiúva gathered in symbolic assembly. The denomination 200 appears at left and right, with issuer and commemorative inscriptions arranged around the central design. |
|---|---|
| Obverse lettering | BANCO CENTRAL DO BRASIL 200 CASA DA MOEDA DO BRASIL REPÚBLICA I CENTENÁRIO DEUS SEJA LOUVADO MINISTRA DA ECONOMIA, FAZENDA E PLANEJAMENTO PRESIDENTE DO BANCO CENTRAL DO BRASIL 200 duzentos cruzados novos (Translation: Central Bank of Brazil 200 Brazilian Mint Republic 1st Centenary God be praised Minister of Economy, Finance and Planning President of the Brazilian Central Bank Two Hundred Cruzados Novos) |
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| Comments |
The cruzado novo lasted barely two years. Introduced in January 1989 as part of the Plano Verão — the Sarney government's third failed attempt to arrest hyperinflation — it replaced the cruzado at par before being itself replaced by the cruzeiro in March 1990. By that point, monthly inflation had exceeded 80%. Notes of this series were issued and spent so rapidly that high-denomination values in any clean state are harder to find than the raw scarcity figures suggest; purchasing power eroded faster than the paper could circulate normally.