Convert Chilean Unit of Account (UF) to Armenian Dram
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Armenian Dram [AMD], or Convert Armenian Dram to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Armenian Dram
1 CLF = 6.47514796134909e-05 AMD
Example: convert 15 CLF to AMD:
15 CLF = 15 × 6.47514796134909e-05 AMD = 0.000971272194202363 AMD
Chilean Unit Of Account (Uf) to Armenian Dram Conversion Table
| Chilean Unit of Account (UF) | Armenian Dram |
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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).
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.