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.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf monetary unit of account
price index
transitional currency
abbreviation URV
appliesToJurisdiction Brazil
associatedWithPerson Fernando Henrique Cardoso
associatedWithRole Brazilian Minister of Finance
basedOn daily exchange rate conversion from cruzeiro real
convertedTo Brazilian real at parity
country Brazil
countryOfOrigin Brazil
creator Brazilian economic authorities
Central Bank of Brazil
Ministry of Finance of Brazil
currencyTransitionFrom cruzeiro real
linked to: cruzeiro real (CR$)
currencyTransitionTo Brazilian real
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
linked to: Plano Real
implementedBy Itamar Franco government
inception 1994
languageOfName Portuguese
notUsedAs legal tender banknotes
legal tender coins
physical currency
partOf Plano Real
policyType heterodox stabilization measure
purpose anchor inflation expectations
facilitate transition to the real (BRL)
stabilize prices
replacedBy BRL
Brazilian real
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
linked to: Plano Real
useType temporary

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Plano Real usesMechanism temporary unit of account (URV)
cruzeiro real peggedTo URV (Unidade Real de Valor) during transition to the real
subject linked to: cruzeiro real (CR$)
linked to: temporary unit of account (URV)