Convert Chilean Unit of Account (UF) to Burundian Franc
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Burundian Franc [BIF], or Convert Burundian Franc to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Burundian Franc
1 CLF = 8.37589400997947e-06 BIF
Example: convert 15 CLF to BIF:
15 CLF = 15 × 8.37589400997947e-06 BIF = 0.000125638410149692 BIF
Chilean Unit Of Account (Uf) to Burundian Franc Conversion Table
| Chilean Unit of Account (UF) | Burundian Franc |
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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).
Burundian Franc
The Burundian Franc (BIF) is the official currency of Burundi, used for everyday transactions within the country.
History/Origin
The Burundian Franc was introduced in 1964, replacing the Belgian Congo franc, following Burundi's independence. It has undergone various redenominations and inflation adjustments over the years.
Current Use
Today, the BIF is widely used in Burundi for all monetary transactions, with coins and banknotes issued by the Central Bank of Burundi. It remains the legal tender in the country.