100 Centavos in Brazil History and Evolution

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Close-up photo of vintage Brazilian banknotes showcasing historical currency design.
Credit: pexels.com, Close-up photo of vintage Brazilian banknotes showcasing historical currency design.

The 100 centavos coin has a rich history in Brazil, dating back to 1871 when it was first introduced as a silver coin. It was initially worth 1/10 of a real, the main unit of currency at the time.

In 1872, the government began to mint the 100 centavos coin in nickel, making it a more affordable option for the masses. The coin's design has undergone several changes over the years, but its value has remained relatively consistent.

The 100 centavos coin was widely used in Brazil until 1942, when it was replaced by the cruzeiro, a new currency introduced by the government.

Historical Brazilian Currency

In Brazil, the currency has undergone significant changes throughout its history. The first currency in Brazil was the real, introduced in 1690.

The real was divided into 640 réis, but this didn't last long as the country transitioned to a new currency system in 1808.

Recommended read: Eur to Brazil Real

Cruzeiro Antigo (1942-1967)

Credit: youtube.com, All Brazilian Cruzeiro Banknotes - Provisional Cruzeiro Overprint Issue 1942

The cruzeiro antigo was the first currency to bear this name in Brazil, circulating from 1942 to 1967.

It was subdivided into 100 centavos, a unit of currency that would appear again in Brazilian history.

The cruzeiro antigo was replaced by a new currency, but its legacy lived on as the Brazilian economy continued to evolve.

Brazilian Cruzado (1986-1989)

The Brazilian cruzado was a currency used from 1986 to 1989. It replaced the second cruzeiro at a rate of 1000 cruzeiros novos = 1 cruzado.

The cruzado had a symbol of Cz$ and the ISO 4217 code BRC. It was subdivided into 100 centavos.

Here's a breakdown of the Brazilian cruzado's predecessors:

You can click on the images in the catalog to get additional information about these currencies.

Cruzeiro Real (1993-1994)

The cruzeiro real was the currency of Brazil between August 1st, 1993 and mid-1994. It had an ISO 4217 code of BRR.

This currency was subdivided into 100 centavos. The cruzeiro real replaced the third cruzeiro at a rate of 1000 cruzeiros to 1 cruzeiro real.

Its lifespan was relatively short, being replaced by the real just a year later.

Teresa Halvorson

Senior Writer

Teresa Halvorson is a skilled writer with a passion for financial journalism. Her expertise lies in breaking down complex topics into engaging, easy-to-understand content. With a keen eye for detail, Teresa has successfully covered a range of article categories, including currency exchange rates and foreign exchange rates.

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