Convert Chilean Unit of Account (UF) to Cuban Convertible Peso
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Cuban Convertible Peso
1 CLF = 0.024868 CUC
Example: convert 15 CLF to CUC:
15 CLF = 15 × 0.024868 CUC = 0.37302 CUC
Chilean Unit Of Account (Uf) to Cuban Convertible Peso Conversion Table
| Chilean Unit of Account (UF) | Cuban Convertible Peso |
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Chilean Unit Of Account (Uf)
The Chilean Unit of Account (UF) is a financial unit used in Chile, primarily for indexing and legal purposes, representing a fixed value that adjusts according to inflation.
History/Origin
Introduced in 1967, the UF was established to serve as a stable reference for contracts and legal transactions, adjusting periodically based on inflation indices to preserve its value over time.
Current Use
The UF is widely used in Chile for valuing real estate, loans, and legal contracts, and it is updated daily based on the Chilean Consumer Price Index (CPI).
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.