Unidad de Valor Constante
The Unidad de Valor Constante (UVC) was a currency created by the "Ley de Valores" of Ecuador in 1993, and abolished with dollarization in the presidency of Jamil Mahuad on January 9, 2000. It was meant to help deal with the high levels of inflation experienced under the sucre. The 1 UVC was specified at its introduction (May 28, 1993) to equal 10,000 sucres. Its value was adjusted daily by the "Instituto Nacional de Estadísticas y Censos" (INEC) in line with the rate of inflation.
| Unidad de Valor Constante | |
|---|---|
| Unidad de Valor Constante (Spanish) | |
| ISO 4217 | |
| Code | ECV |
| Number | 983 |
| Demographics | |
| Date of introduction | May 28, 1993 |
| User(s) |  Ecuador |
| Valuation | |
| Value | 1 ECV = 10 000 ECS |
It had the ISO 4217 currency code ECV.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.