On the books, each cruzado novo account appears as a separate account that will vary according to cruzados novos, credited or debited.
In 1989, the cruzado novo (new cruzado) was created, again with three zeros lopped off.
Many of these stamped cruzados are still in circulation, along with the colorful notes of the newly minted cruzado novo, which are now being stamped cruzeiro.
It doesn't circulate as the cruzado, cruzado novo and the cruzeiro do, but it does appear on a company's books and financial statements.
All these monetary maneuvers came to a dramatic halt when President Collor replaced the cruzado novo with the cruzeiro.
The money in the cruzado novo accounts cannot be converted to cruzeiros until 18 months after March 15, 1990, when the government promises to convert the money in 12 monthly installments, including monetary conversion (if inflation returns) plus 6% interest.