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Unidad de Valor Constante

From Wikipedia, the free encyclopedia

Unidad de Valor Constante
Unidad de Valor Constante (Spanish)
UVC
ISO 4217
CodeECV
Demographics
Date of introductionMay 28, 1993
User(s) Ecuador
Valuation
Value1 ECV = 10 000 ECS
This infobox shows the latest status before this currency was rendered obsolete.

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.

It had the ISO 4217 currency code ECV.

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This page was last edited on 14 November 2022, at 22:21
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