Convert Chilean Unit of Account (UF) to Bulgarian Lev
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Bulgarian Lev
1 CLF = 0.014912449028544 BGN
Example: convert 15 CLF to BGN:
15 CLF = 15 × 0.014912449028544 BGN = 0.22368673542816 BGN
Chilean Unit Of Account (Uf) to Bulgarian Lev Conversion Table
| Chilean Unit of Account (UF) | Bulgarian Lev |
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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).
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.