From Wikipedia, the free encyclopedia
Unidad de Valor Constante
| Unidad de Valor Constante
(
Spanish
)
UVC
|
|---|
|
| Code
| ECV
|
|---|
|
| Date of introduction
| May 28, 1993
|
|---|
| User(s)
| 
Ecuador
|
|---|
|
| Value
| 1 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 Estadisticas y Censos" (INEC) in line with the rate of inflation.
It had the
ISO 4217 currency code
ECV.
