Cruzado \Cru*za"do\ (kr?-z?"d?), n. A coin. See {Crusado}. ※ ||
Analysts said voters were dissatisfied with a record 1,000 percent annual inflation rate, the falling value of the cruzado, political corruption and nearly constant strikes.
The new cruzado currency it launched has lost value faster than the old cruzeiro.
But as the cruzado loses value the indexed Treasury paper tends to take its place.
Exporters said, however, that a large-scale devaluation of the cruzado will be necessary to increase exports.