Convert Chilean Unit of Account (UF) to Gibraltar Pound
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Gibraltar Pound [GIP], or Convert Gibraltar Pound to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Gibraltar Pound
1 CLF = 0.0335917871133324 GIP
Example: convert 15 CLF to GIP:
15 CLF = 15 × 0.0335917871133324 GIP = 0.503876806699987 GIP
Chilean Unit Of Account (Uf) to Gibraltar Pound Conversion Table
| Chilean Unit of Account (UF) | Gibraltar Pound |
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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).
Gibraltar Pound
The Gibraltar Pound (GIP) is the official currency of Gibraltar, pegged at par to the British Pound Sterling and used alongside it locally.
History/Origin
Introduced in 1934, the Gibraltar Pound replaced the Gibraltar Pound issued during the British colonial period. It has maintained a fixed exchange rate with the British Pound since its inception, with coins and banknotes issued specifically for Gibraltar.
Current Use
The Gibraltar Pound is widely used in Gibraltar for everyday transactions, alongside the British Pound Sterling. It is accepted locally and is also used in some border areas of Spain, with coins and banknotes issued by the Government of Gibraltar.