In 1967, Brazil introduced the cruzeiro novo (the word novo, new in Portuguese, only appearing on the provisional issue of banknotes), with 1 cruzeiro novo equal to 1000 old cruzeiros. It had the ISO 4217 code BRB.In 1986, the country switched to the cruzado, worth 1000 cruzeiros (novos).he first cruzeiro was issued from 1942 to 1967. It had the ISO 4217 code BRZ. It replaced the real at a rate of 1000 reis = réis 1 cruzeiro and was replaced in 1967 by the cruzeiro novo at a rate of 1000 = cruzeiros 1 cruzeiro. novo