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Effigy of the Republic: 200 Cruzeiros (Brazil, 1990)-Article

Updated: Mar 17, 2022

This Brazilian banknote represents the 2nd denomination of the Third Cruzeiro (Series 1990-93). The Third Cruzeiro was preceded by the short-lived Cruzado Novo. Which circulated from 15 January 1989 and 15 March 1990. Both the Cruzado Novo and Third Cruzeiro were of equal value. As the currency was simply renamed. Making the change itself logistically questionable.

Notably the first 3 denominations of the Series 1990-93, are based on renamed Cruzado Novo notes. The remaining denominations mostly featured unique portraits of famous Brazilian. Although due to rampant inflation the Third Cruzeiro was replaced by the equally short lived Cruzeiro Real. The exchange rate was 1,000 Cruzeiros to 1 Cruzeiro Real.

Converted notes feature a 200 Cruzeiro over-stamp at their center. Unconverted notes can easily be mistaken if one is does not pay close attention. The note uses recycled paper in its construction, made apparent by its numerous stray color fibers.


The Observe features Liberty, besides the Brazilian Coat of Arms (far right). At the note's center is the “Proclamation of the Republic, 1889”. It depicts Brazilian national heroes Antônio da Silva Jardim, Benjamim Constant, Marshal Deodoro da Fonseca and Quintino Bocaiúva, at the Brazilian nation's founding. Below the words “Republica I Centenario” (100 year of the Republic) can be read. Referring to the original 200 Cruzado Novo's note's introduction, during the Brazilian centennial.


The reverse prominently features Pedro Bruno's famous oil painting “Patria” (Fatherland). Which depicts the Brazilian flag being embroidered, by a family of patriots. To left is part of a Brazilian Coat of Arms light puzzle. The watermark features Liberty in profile, the artwork is titled Effigy of the Republic.

Ultraviolet Gallery

Third Cruzeiro Gallery

(Gallery will be completed, as more banknotes are data based)


Additional Notes

  • This note's dimensions are 140 x 65 mm or 5.51 x 2.56 in, slightly smaller than a US Dollar.

  • These dimensions were inherited from the earlier 200 Cruzados Novos note.

  • The preferable method to preserve this note are standard sized protective sleeves.

  • The Cruzado Novo ISO code was BRN, it used NCz$ as its official symbol.

  • The 3rd Cruzeiro ISO code was BRE, it used Cr$ as its official symbol.

  • Both the Cruzado Novo and 3rd Cruzeiro were sub-divided into 100 Centavos.

  • The coins of both the Cruzado Novo and 3rd Cruzeiro were used in circulation.

  • The Centavo denominated coins of the Cruzado Novo were retained, while the 3rd Cruzeiro coins were issued in full Cruzeiro denominations.

  • The unissued 1 Cruzado Novo coin is known as the "Cruz de Cristo" (Christ's Cross).

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