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Meaning of upac by Danilo Enrique Noreña Benítez





Danilo Enrique Noreña Benítez

upac
  15

It was a financial system used in Colombia that intended to give a constant value to the money in mortgage loans. UPAC was the acronym for The Constant Purchasing Power Monetary Unit. It was a failure, as the credits grew the user in an exponential way and in most cases customers had to lose the properties or lose a lot of money. Over time there were many demands and many won and their real estate or real estate were reinstated.

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