--
Kwang Lim Choi
Internet: gt6...@prism.gatech.edu
"I am the way and the truth and the life. No one comes to the Father
except through me." - Jesus Christ
Hah!
About 1*10^(-3) dollars, I think. Collect 10 of those, you make a penny.
Se alguem estiver mais atualizado, me corrija...
--
Alex Ramos | Electrical Engineering | Fala-se Portugues, tche!
ra...@engr.latech.edu | Louisiana Tech Univ. | [This space for rent]
In article <110...@hydra.gatech.EDU>, gt6...@prism.gatech.EDU (CHOI, KWANG) writes:
|> I happened to have a piece of Brizilian money. It is 100 Cem Cruzados.
|> How much is it worth in US dollar? Is it a lot of money or a trash?
|> I'm not brazilian so I have no idea what it is.
|> Can anyone tell me how much it's worth?
|>
Cz$100.00 (cem cruzados) = how much ?
Let's see:
1 dollar ~ 10^2 cruzeiros reais = 10^5 cruzeiros = 10^5 cruzados novos =
10^8 cruzados
That is: 1 cruzado = 10^-8 dollar
100 cruzados = 10^-6 dollar = 10^-4 penny
collect 10 thousand bills of 100 cruzados and you have a penny.
***
Brazilian currencies over the years (please correct me if I'm wrong):
Till XVIII century : cruzado (?)
,
XIX century thru 1947 : Real (plural form is reis); introduced I guess
by the Portuguese Crown when the Royal family went to Brazil (fleeing
the Napoleonic army).
1947-1970(?): cruzeiro. President Dutra changed the currency,
replacing the old REAL by the first version of the CRUZEIRO. I guess
the change was made because the 'Central Bank' (they didn't call it
that way at that time) ran out of currency. A bank holiday was created
by an official decree and the currency change was the excuse.
1970(?)-197? CRUZEIRO NOVO : The currency loses three zeroes
and is called now "the NEW CRUZEIRO".
197(?)-1986 CRUZEIRO : "novo" is just an unecessary appendix;
let's call it just "CRUZEIRO", as in the gold old days.
March 1986 - Jan 1989 : President Sarney brings back the
ancient CRUZADO as the emblem of his economic plan. Please,
divide everything by one thousand.
Jan 1989 - March 1990 : President Sarney says on TV that
the new economic measures that constituted his "Summer Plan" "
solved the intrinsic and also the exogenous and psychological
components of the Brazilian inflation". For the new economic era,
Brazil shall adopt the CRUZADO NOVO (new cruzado). Less three zeroes,
please.
March 1990 - July 1993: (Now impeached) President Fernando
Collor de Mello and his gang freezes most of the money deposited
in banking and savings accounts and has the brilliant idea of
changing the currency again. The CRUZEIRO reincarnates but no
zeroes shall be lost this time.
July 1993 : "Too many zeroes printed on a single price
tag", realizes president Itamar. "What about having an artificial
deflation of 99.9% ?". 1000 - (99.9% of 1000) = 1; "That's cool",
said Itamar. "This time I think it's for real, for CRUZEIRO REAL,
that is!", agreed Minister Fernando Henrique Cardoso. Less three
zeroes - once more...
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