The original plan, dating from the late 1920s, was to introduce a cruzeiro worth Rs 10$000 (ten mil-réis) and link it to the gold standard.

However, due to the crash of 1929, the subsequent revolution of 1930 and the worldwide abandonment of the gold standard in 1933, the plan was aborted.

The redenomination eventually took place in 1942, but with the cruzeiro being worth Rs 1$000 (one mil-réis) and having no link to the gold standard.

[3] Prominently visible in the southern hemisphere, it is a major cultural icon in Brazilian history.

[citation needed] The first editorial of the Brazilian weekly magazine Cruzeiro apparently refers to this proposal as an alleged inspiration for its name.

[6] Also, some typewriters and typefaces provided a typographic ligature "₢" (available in Unicode) to replace the "Cr" (thus producing "₢$").

The first banknotes of the standard were autographed, a custom that continued until the early 1950s, when signatures began to appear on microseals.

Banknotes issued in 1960s by the American Bank Note Company and Thomas de la Rue in amounts from Cr$5 to Cr$5,000 appear only with the terms "República dos Estados Unidos do Brasil", "Tesouro Nacional" and "Valor Legal" having the other aforementioned sayings suppressed.

In 1961, the third stamp of the Cr$5 banknote, called "Nota do Índio", would be released experimentally by the Casa da Moeda do Brasil.