Historically, the name and denomination of Brazilian currency have changed greatly, especially in recent years, due to the heavy foreign debt burden and hyperinflation, its currency has changed more frequently, making it one of the countries with the largest currency depreciation in Latin America.
Cruzeiro is issued by the Central Bank of Brazil. Since 1988, its distribution has been restricted to the scope permitted by law and must be approved by the National Assembly.
Brazil is a member of Rio Group, Southern Common Market, South American Progress Forum and G20, and is also called ABC country with Argentina and Chile.