Convert Chilean Unit of Account (UF) to Georgian Lari
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Georgian Lari [GEL], or Convert Georgian Lari to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Georgian Lari
1 CLF = 0.00917841588543589 GEL
Example: convert 15 CLF to GEL:
15 CLF = 15 × 0.00917841588543589 GEL = 0.137676238281538 GEL
Chilean Unit Of Account (Uf) to Georgian Lari Conversion Table
| Chilean Unit of Account (UF) | Georgian Lari |
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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).
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.