The Unidade Real de Valor, or URV (Portuguese, Real Unit of Value), was a non-monetary currency (ie, non-fiat) created in March 1994, as part of the Plano Real in Brazil. It was the most theoretically sophisticated piece of the Plano Real and was based on a previous academic work by Pérsio Arida and André Lara Resende, the "Plano Larida", published in 1984. Fiat money or fiat currency, is money such as paper money, that is current or legal tender as satisfaction for money debts by government fiat, that is by artificial law. ... March is the third month of the year in the Gregorian Calendar and one of seven Gregorian months with the length of 31 days. ... Jump to: navigation, search 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... The Plano Real (Portuguese, Real Plan) was a set of measures taken to stabilize the Brazilian economy in the early 1990s, under the direction of Fernando Henrique Cardoso as the Minister of Finance. ... Jump to: navigation, search 1984 is a leap year starting on Sunday of the Gregorian calendar. ...

Its main purpose was to establish a parallel currency to the cruzeiro real, free from the effects of inertial inflation on the latter, which exceeded 1,200% per year prior to the implementation of the new currency, the Real. The idea was to let the old currency (the cruzeiro real) fully absorb the effects of hyperinflation while having a new currency to be stable (in nominal terms) by adjusting its exchange rate against the old one. The Cruzeiro Real was a short-lived monetary unit in Brazil. ... Inertial inflation is a concept coined by structuralist inflation theorists. ... The real (symbol: R$, ISO 4217 code: BRL, plural: reais) is the currency of Brazil. ... A 1,000,000,000 (1 billion) Mark banknote, issued in Bavaria/Germany during the hyperinflation of 1923 (http://www. ... In economics, the distinction between nominal and real numbers is often made. ...

URVs were quoted in cruzeiros reais and its intrinsic value was pegged to three price indices and had a fixed parity of 1-to-1 to the US dollar. The exchange rate of URVs to cruzeiros reais was recalculated and published daily by the government. A price index is any single number calculated from an array of prices and quantities over a period. ... Jump to: navigation, search In finance, the exchange rate between two currencies specifies how much one currency is worth in terms of the other. ... The United States dollar is the official currency of the United States. ...

Prices were quoted both in URVs and cruzeiros reais but payments had to be made exclusively in cruzeiros reais, since the URV would not become legal tender until July 1. For instance, banks were required to report balances on accounts in both currencies and contracts had to be rewritten to express prices in URVs. In economics and business, the price is the assigned numerical monetary value of a good, service or asset. ... The Cruzeiro Real was a short-lived monetary unit in Brazil. ... The Cruzeiro Real was a short-lived monetary unit in Brazil. ... July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ...

The URV was extinguished on July 1, 1994, when it was converted to a new currency, the real at a parity (ie., 1 URV to 1 real, with 1 URV = CR$ 2,750.00), effectively breaking the hyperinflationary cycle, bringing stability to the Brazilian currency. July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ... Jump to: navigation, search 1994 was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ... The real (symbol: R$, ISO 4217 code: BRL, plural: reais) is the currency of Brazil. ...