Word: cruzeiro
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Brazil this week an event took place which to students of finance had the same rare value as an eclipse of the sun has to astronomers. By decree the country changed its monetary system from the complicated, 1,000-unit milreis to the streamlined, decimal-pointed cruzeiro (cross)-worth the same amount. Idea was to straighten out a currency system grown so complicated as to baffle even Brazilians. Examples...