temporary unit of account (URV)
E806328
The temporary unit of account (URV) was a transitional Brazilian currency index created in the early 1990s to stabilize prices and expectations during the implementation of the Plano Real economic reform.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
monetary unit of account
ⓘ
price index ⓘ transitional currency ⓘ |
| abbreviation | URV ⓘ |
| appliesToJurisdiction | Brazil NERFINISHED ⓘ |
| associatedWithPerson | Fernando Henrique Cardoso NERFINISHED ⓘ |
| associatedWithRole | Brazilian Minister of Finance NERFINISHED ⓘ |
| basedOn | daily exchange rate conversion from cruzeiro real ⓘ |
| convertedTo | Brazilian real at parity ⓘ |
| country | Brazil ⓘ |
| countryOfOrigin | Brazil ⓘ |
| creator |
Brazilian economic authorities
NERFINISHED
ⓘ
Central Bank of Brazil NERFINISHED ⓘ Ministry of Finance of Brazil NERFINISHED ⓘ |
| currencyTransitionFrom | cruzeiro real NERFINISHED ⓘ |
| currencyTransitionTo | Brazilian real NERFINISHED ⓘ |
| denominatedIn | URV units ⓘ |
| describedAs | transitional Brazilian currency index ⓘ |
| economicContext |
Brazilian high inflation period
ⓘ
Brazilian hyperinflation stabilization ⓘ |
| endTime | 1994 ⓘ |
| field |
macroeconomics
ⓘ
monetary economics ⓘ |
| fullName | Unidade Real de Valor NERFINISHED ⓘ |
| implementedBy | Itamar Franco government NERFINISHED ⓘ |
| inception | 1994 ⓘ |
| languageOfName | Portuguese ⓘ |
| notUsedAs |
legal tender banknotes
ⓘ
legal tender coins ⓘ physical currency ⓘ |
| partOf | Plano Real NERFINISHED ⓘ |
| policyType | heterodox stabilization measure ⓘ |
| purpose |
anchor inflation expectations
ⓘ
facilitate transition to the real (BRL) ⓘ stabilize prices ⓘ |
| replacedBy |
BRL
ⓘ
Brazilian real NERFINISHED ⓘ |
| roleInPlanoReal |
bridge between cruzeiro real and real
ⓘ
nominal anchor for prices ⓘ |
| startTime | 1994 ⓘ |
| status | discontinued ⓘ |
| temporalUsage | early 1990s ⓘ |
| usedAs | unit of account ⓘ |
| usedFor |
indexation of contracts
ⓘ
indexation of prices ⓘ indexation of wages ⓘ quoting prices ⓘ |
| usedIn | Plano Real economic reform NERFINISHED ⓘ |
| useType | temporary ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.