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)