January 16: Octávio Pinto Guimarães is elected president of the CBF, after being supported and financed by mobster Castor de Andrade.[1]
February
February 28: The Cruzado Plan, an economic plan that establishes a price freeze, is launched. The Brazilian currency is now called the Cruzado, which is equivalent to one thousand Cruzeiros.[2][3]
October 31: The Volkswagen Beetle ceased to be produced after 30 years of commercialization and 23 years of leadership in the Brazilian market; where 3 million and 300 thousand units were commercialized.[7]