Convert Chilean Unit of Account (UF) to Tanzanian Shilling
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Tanzanian Shilling
1 CLF = 9.67580828483886e-06 TZS
Example: convert 15 CLF to TZS:
15 CLF = 15 × 9.67580828483886e-06 TZS = 0.000145137124272583 TZS
Chilean Unit Of Account (Uf) to Tanzanian Shilling Conversion Table
| Chilean Unit of Account (UF) | Tanzanian 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).
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.