Milréis
Encyclopedia
The mil-réis was effectively a unit of currency in both Portugal
(until 1911) and Brazil
(until 1942).
The usage of mil-réis as a word dates back to the economic crises of the 19th century, when the currency was devaluated for the first time and most prices reached the thousands.
It was replaced in 1911 by the escudo
in Portugal [one escudo (1$000)= one thousand réis] and in 1942 by the cruzeiro
in Brazil. By the time it was replaced by cruzeiro in Brazil, one mil-réis (1$000) was worth a dozen loaves of bread.
Portuguese escudo
The escudo was the currency of Portugal prior to the introduction of the Euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 centavos....
(until 1911) and Brazil
Brazilian cruzeiro
The cruzeiro was the currency of Brazil from 1942 to 1986 and again between 1990 and 1993. The name refers to the constellation of the Southern Cross, known in Brazil as Cruzeiro do Sul, or simply Cruzeiro ....
(until 1942).
The usage of mil-réis as a word dates back to the economic crises of the 19th century, when the currency was devaluated for the first time and most prices reached the thousands.
It was replaced in 1911 by the escudo
Portuguese escudo
The escudo was the currency of Portugal prior to the introduction of the Euro on 1 January 1999 and its removal from circulation on 28 February 2002. The escudo was subdivided into 100 centavos....
in Portugal [one escudo (1$000)= one thousand réis] and in 1942 by the cruzeiro
Brazilian cruzeiro
The cruzeiro was the currency of Brazil from 1942 to 1986 and again between 1990 and 1993. The name refers to the constellation of the Southern Cross, known in Brazil as Cruzeiro do Sul, or simply Cruzeiro ....
in Brazil. By the time it was replaced by cruzeiro in Brazil, one mil-réis (1$000) was worth a dozen loaves of bread.