The Cruzado Novo was the short-lived currency of Brazil between 15 January 1989 and 15 March 1990.

The redenomination was the result of Plano Verão, which would become one of several heterodox plans in an attempt to stabilize the currency, and the path of redenomination was used to try to circumvent possible legal challenges due to rights established in the currency at that time, as happened in the Bresser Plan.

The method of monetary redenomination would be used again in 1990, when Fernando Collor de Mello assumed the presidency, and this redenomination to cruzeiro was on par with this currency then in circulation, despite the even darker effects of such an economic plan.

However, in March 1990, before the coin was released to the public, the country's currency changed to the Cruzeiro (3rd iteration), so that design never circulated.

[2] Additionally, there are 15 known samples with collectors, bringing the total to 56 known issues of the coin.