Convert Chilean Unit of Account (UF) to Israeli New Sheqel
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Israeli New Sheqel
1 CLF = 0.00743437967115097 ILS
Example: convert 15 CLF to ILS:
15 CLF = 15 × 0.00743437967115097 ILS = 0.111515695067265 ILS
Chilean Unit Of Account (Uf) to Israeli New Sheqel Conversion Table
| Chilean Unit of Account (UF) | Israeli New Sheqel |
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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).
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.