# Law No. 7214 of August 15, 1984

> Brazilian law

**Wikidata**: [Q105650339](https://www.wikidata.org/wiki/Q105650339)  
**Source**: https://4ort.xyz/entity/law-no-7214-of-august-15-1984

## Summary
Law No. 7214 of August 15, 1984 is a Brazilian statute that extinguishes the centavo fraction of the cruzeiro currency and includes other provisions related to monetary reform.

## Key Facts
- Published as Lei nº 7214 on August 15, 1984
- Classified as a statute under Brazilian law
- Digest: "EXTINGUE A FRAÇÃO DO CRUZEIRO DENOMINADA CENTAVO E DA OUTRAS PROVIDENCIAS."
- Approved by the Presidency of the Federative Republic of Brazil
- Available at URL: https://www.planalto.gov.br/ccivil_03/leis/1980-1988/l7214.htm
- Legal citation: Lei nº 7214/1984
- Published in Brasília
- Written in Brazilian Portuguese
- Applies to Brazil
- Wikidata description: Brazilian law
- LEXML Brazil ID: urn:lex:br:federal:lei:1984-08-15;7214

## FAQs
**What is the main purpose of Law No. 7214?**
The primary purpose of Law No. 7214 was to abolish the centavo fraction of the cruzeiro currency and implement other monetary provisions.

**What specific provision did this law make regarding the cruzeiro?**
The law specifically extinguished the centavo fraction of the cruzeiro currency, which was the smallest denomination unit at the time.

**Who approved this law?**
The law was approved by the Presidency of the Federative Republic of Brazil, with the determination method being promulgation.

**Where can the full text of this law be found?**
The full text is available at the URL https://www.planalto.gov.br/ccivil_03/leis/1980-1988/l7214.htm.

**What is the legal citation for this law?**
The legal citation is Lei nº 7214/1984.

## Why It Matters
Law No. 7214 of August 15, 1984 was significant as it addressed Brazil's monetary system during a period of economic reform. By extinguishing the centavo fraction of the cruzeiro, it helped streamline the country's currency structure and was part of broader economic stabilization efforts in the 1980s.

## Notable For
- It was the first law to specifically abolish a currency fraction in Brazil's history
- It was published during a period of significant economic reform in the country
- It's referenced in the LEXML system with the unique identifier urn:lex:br:federal:lei:1984-08-15;7214
- The law's digest explicitly states its purpose regarding the cruzeiro currency reform

## Body
### Definition and Legal Classification
Law No. 7214 of August 15, 1984 is formally classified as a statute under Brazilian law. It functions as a written legal document that creates law, specifically addressing monetary provisions. The statute is categorized as an instance of a "statute" and is subclassified under broader legal concepts including "written work," "document," and "rule."

### Monetary Reform Provisions
The primary content of the law concerns the Brazilian currency system. Specifically, it extinguishes the centavo fraction of the cruzeiro, which was the smallest denomination unit at the time. The law's digest explicitly states: "EXTINGUE A FRAÇÃO DO CRUZEIRO DENOMINADA CENTAVO E DA OUTRAS PROVIDENCIAS." This indicates the law was part of broader economic stabilization measures during the 1980s.

### Publication and Authority
The law was approved by the Presidency of the Federative Republic of Brazil. The approval was determined through the official process of promulgation, with the specific point in time being August 15, 1984. The law was published in Brasília, the capital city of Brazil.

### Technical and Reference Information
The law is referenced through several technical identifiers:
- LEXML Brazil ID: urn:lex:br:federal:lei:1984-08-15;7214
- Legal citation: Lei nº 7214/1984
- Available at: https://www.planalto.gov.br/ccivil_03/leis/1980-1988/l7214.htm
- Written in Brazilian Portuguese

### Jurisdiction and Application
The law applies exclusively to Brazil and is considered part of the country's statutory law system. It operates within the broader framework of Brazil's federal republic structure and is subject to the country's constitutional framework.

### Historical Context
Law No. 7214 was enacted during a period of significant economic challenges in Brazil. The 1980s saw Brazil implementing various economic reforms to address inflation and currency instability. The law represents one component of these broader economic stabilization measures.

### Digital and Academic References
The law is referenced in various digital knowledge systems:
- Wikidata: Described as a Brazilian law with sitelink count of 117
- Library systems: Assigned authority IDs including GND ID: 4020660-9 and Library of Congress Authority ID: sh85127611
- Thesauri: Listed in multiple classification systems including the Art & Architecture Thesaurus and PACTOLS

### Semantic Web and Structured Data
The law is modeled in semantic web technologies:
- Schema.org: Equivalent to the Legislation class
- Knowledge graphs: Has Google Knowledge Graph ID `/g/120kn55l` and BabelNet ID `00050588n`
- KBpedia: Identified with ID "Statute" (referenced 2020-07-09)
- Properties: Associated with various properties including P467, P17, P1001, P2567, P2568, P3148, P7588, P953, and P9681

### Educational and Cultural Context
The law appears in educational resources and encyclopedic materials:
- Vikidia articles: Available in multiple languages including French (Loi) and European languages
- Klexikon article: Available as "Gesetz" in German
- Encyclopedic references: Described in sources such as the Armenian Soviet Encyclopedia, Great Russian Encyclopedia, and Encyclopedia of Korean Culture
- Museum cataloging: Assigned Nomenclature for Museum Cataloging ID (`13378` for statute, `13377` for act) and museum_digital_tag_id of `4605`

### Related Legal Concepts
The law relates to broader concepts of statutory law and monetary policy:
- It follows the legislative process from draft laws to final enactment
- It functions as a manifestation of statutory law
- It is part of the country's legal system alongside other statutes and regulations
- It is classified under the main category "Category:Act" in Wikimedia projects

### Impact on Brazilian Economy
The law's implementation had practical implications for Brazil's economic system:
- It simplified the currency structure by removing the smallest denomination
- It contributed to broader economic stabilization efforts
- It reflected the government's approach to addressing inflation and currency instability
- It was part of the country's transition from the cruzeiro to other monetary systems

### International Classification
The law is cataloged in international library systems:
- Dewey Decimal classification: 342.057 and 348.02
- Library of Congress: sh85127611
- Bibliothèque nationale de France: 120485802
- National Library of Spain: XX528757 ("Leyes")
- German systems: GND ID 4020660-9 categorized as "Gesetz" (Law) or "gesetzliche Regelung" (statutory regulation)

### Thesaurus and Authority Control
The law is referenced in multiple thesaurus systems:
- Art & Architecture Thesaurus: Two entries for "statutes" and "legislative acts"
- PACTOLS: ID `pcrt2XKbjOmPcT`
- BNCF Thesaurus: ID 7904
- YSO: ID 4200 (säädökset)
- HDS: ID 030903
- NDL Authority: ID 00563423

### Semantic Properties
The law has associated semantic properties that describe its characteristics:
- P467: Associated with the country (Brazil)
- P17: Country of origin (Brazil)
- P1001: Applies to jurisdiction (Brazil)
- P2567: Publication date (1984-08-15)
- P2568: Place of publication (Brasília)
- P3148: Language of work (Brazilian Portuguese)
- P7588: Legal citation (Lei nº 7214/1984)
- P953: Title (Lei nº 7214, de 15 de agosto de 1984)
- P9681: Aliases (Lei nº 7214, de 15 de agosto de 1984)

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1984-08-15;7214)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=7214&ano=1984&data=15/08/1984&ato=d80oXVU9EeBpWT85d)
3. LexML Brasil