The Unidad de Valor Constante (UVC) was a currency created by the "
Ley de Valores" of
Ecuador
Ecuador ( ; ; Quechuan languages, Quechua: ''Ikwayur''; Shuar language, Shuar: ''Ecuador'' or ''Ekuatur''), officially the Republic of Ecuador ( es, República del Ecuador, which literally translates as "Republic of the Equator"; Quechuan ...
in 1993, and abolished with
dollarization
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. The process is also known as dollarization or euroization when the foreign currency is the dollar or the euro, respectively.
Currency subs ...
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
Sucre () is the capital of Bolivia, the capital of the Chuquisaca Department and the 6th most populated city in Bolivia. Located in the south-central part of the country, Sucre lies at an elevation of . This relatively high altitude gives the ...
. 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
ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual cu ...
ECV.
Currencies of Ecuador
Modern obsolete currencies
{{Ecuador-stub