Convert Chilean Unit of Account (UF) to Mauritanian Ouguiya
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Mauritanian Ouguiya [MRU], or Convert Mauritanian Ouguiya to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Mauritanian Ouguiya
1 CLF = 0.000622302077259749 MRU
Example: convert 15 CLF to MRU:
15 CLF = 15 × 0.000622302077259749 MRU = 0.00933453115889623 MRU
Chilean Unit Of Account (Uf) to Mauritanian Ouguiya Conversion Table
| Chilean Unit of Account (UF) | Mauritanian Ouguiya |
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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).
Mauritanian Ouguiya
The Mauritanian Ouguiya (MRU) is the official currency of Mauritania, used for all monetary transactions within the country.
History/Origin
The Ouguiya was introduced in 1973, replacing the CFA franc at par, and has undergone various redenominations and updates since its inception to modernize the currency system.
Current Use
Today, the MRU is actively used in Mauritania for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of West African States (BCEAO).