Unidad de Valor Constante
Jump to navigation
Jump to search
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.<ref>Template:Cite web</ref> 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.<ref>Template:Cite journal</ref>
It had the ISO 4217 currency code ECV.<ref>Template:Cite web</ref>