200 Cruzados Novos

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.