Convert Chilean Unit of Account (UF) to Somali Shilling
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Somali Shilling [SOS], or Convert Somali Shilling to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Somali Shilling
1 CLF = 4.35181600995101e-05 SOS
Example: convert 15 CLF to SOS:
15 CLF = 15 × 4.35181600995101e-05 SOS = 0.000652772401492651 SOS
Chilean Unit Of Account (Uf) to Somali Shilling Conversion Table
| Chilean Unit of Account (UF) | Somali Shilling |
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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).
Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.