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Meaning of upac




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.

  




Jorge Luis Tovar Díaz

UPAC stands for Constant Purchasing Power Unit. It was a tool used in Colombia to regulate the credit and savings system in the country.

  



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