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10 Cruzados

Issuer Brazil
Year 1987-1988
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Value 10 Cruzados (10 BRC)
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Obverse lettering REPUBLICA FEDERATIVA DO BRASIL 15 de Novembro de 1889
(Translation: Federative Republic of Brazil November 15, 1889)
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Edge Plain
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Additional information

The cruzado was introduced in February 1986 as the centerpiece of the Plano Cruzado, an economic stabilization program that froze prices and replaced the cruzeiro at a rate of 1,000 to one. Within a year, suppressed inflation had returned with a vengeance. By late 1987, the government was issuing 10-cruzado coins to handle denominations that had become impractical in smaller units — a denomination that would itself be obsolete within two years when the cruzado novo superseded the entire currency in January 1989.

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