Convert Chilean Unit of Account (UF) to Guinean Franc
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Guinean Franc [GNF], or Convert Guinean Franc to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Guinean Franc
1 CLF = 2.85997720436699e-06 GNF
Example: convert 15 CLF to GNF:
15 CLF = 15 × 2.85997720436699e-06 GNF = 4.28996580655049e-05 GNF
Chilean Unit Of Account (Uf) to Guinean Franc Conversion Table
| Chilean Unit of Account (UF) | Guinean 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).
Guinean Franc
The Guinean Franc (GNF) is the official currency of Guinea, used for all monetary transactions within the country.
History/Origin
The Guinean Franc was introduced in 1959, replacing the French CFA franc, following Guinea's independence, and has undergone various redenominations since then.
Current Use
Today, the GNF is used exclusively within Guinea for everyday transactions, banking, and trade, and is issued by the Central Bank of the Republic of Guinea.