cruzado
- noun
- Archaic
:
cruzado
- The government approved the creation of new funds in the currency of the government's macroeconomic stabilization package, the Collor Plan's cruzados novos.
Examples
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The conversion of debt paper (both DFAs and CPs) and the use of cruzado accounts rapidly infused $109 billion into the market of potential buyers.
Academic text (1998) -
The fear is real and extends to Mercosur, which would have difficulty surviving extended peso or cruzado volatility.
Academic text (1998) -
Heitor Villa-Lobos, another famous composer, is depicted both on the front and back of a 500 cruzado note from Brazil.
Academic text (1991) -
A Dutch football team, PSV Eindhoven, bought $5 million of discounted Brazilian debt, exchanged it for cruzados, and bought Romario Farias, one of Rio de Janeiro's most talented football players.
Academic text (1991) -
In the late 1980s, the price of a car was about ten thousand cruzados in Brazil.
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The shopkeeper accepted only cruzados as payment for the vintage clothes.
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After the currency reform, many Brazilians held onto their cruzados as a reminder of the past.
Surface Forms
Etymology
The word cruzado for the Brazilian money comes from an older Portuguese coin named after cruz ('cross'), because the old coin showed a cross on it. So the modern currency kept that name and its link to the historic coin.
