Convert Chilean Unit of Account (UF) to Iraqi Dinar
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Iraqi Dinar [IQD], or Convert Iraqi Dinar to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Iraqi Dinar
1 CLF = 1.89882416146083e-05 IQD
Example: convert 15 CLF to IQD:
15 CLF = 15 × 1.89882416146083e-05 IQD = 0.000284823624219125 IQD
Chilean Unit Of Account (Uf) to Iraqi Dinar Conversion Table
| Chilean Unit of Account (UF) | Iraqi Dinar |
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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).
Iraqi Dinar
The Iraqi Dinar (IQD) is the official currency of Iraq, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Iraqi Dinar was introduced in 1932, replacing the Indian Rupee, and has undergone various redenominations and reforms, especially following periods of economic instability and conflict.
Current Use
Today, the IQD is the official currency of Iraq, used in all financial transactions, with the Central Bank of Iraq managing its issuance and regulation.