Unidad de Valor Constante
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Template:Infobox currency 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.[1] 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.[2]
It had the ISO 4217 currency code ECV.[3]
References
[edit]- ↑ "LEY DE MERCADO DE VALORES (Codificación No. 2006001)" (PDF). cosede.gob.ec (in Spanish). Retrieved 17 June 2025.
- ↑ Giordano, Leonardo (1994). "LA UNIDAD DE VALOR CONSTANTE (UVC)" (PDF). Ecuador Debate (in Spanish). 31.
- ↑ "ECV ISO 4217". eXchangeRate.com. Retrieved 17 June 2025.