Unidad de Valor Constante
| Unidad de Valor Constante (Spanish) UVC | |
|---|---|
| ISO 4217 | |
| Code | ECV |
| Demographics | |
| Date of introduction | May 28, 1993 |
| User(s) | Ecuador |
| Valuation | |
| 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.[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
- ^ "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.