Convert Chilean Unit of Account (UF) to Uzbekistan Som
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Uzbekistan Som [UZS], or Convert Uzbekistan Som to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Uzbekistan Som
1 CLF = 1.9571129869864e-06 UZS
Example: convert 15 CLF to UZS:
15 CLF = 15 × 1.9571129869864e-06 UZS = 2.9356694804796e-05 UZS
Chilean Unit Of Account (Uf) to Uzbekistan Som Conversion Table
| Chilean Unit of Account (UF) | Uzbekistan Som |
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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).
Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.