Convert Chilean Unit of Account (UF) to Turkmenistani Manat
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Turkmenistani Manat
1 CLF = 0.00710514285714286 TMT
Example: convert 15 CLF to TMT:
15 CLF = 15 × 0.00710514285714286 TMT = 0.106577142857143 TMT
Chilean Unit Of Account (Uf) to Turkmenistani Manat Conversion Table
| Chilean Unit of Account (UF) | Turkmenistani Manat |
|---|
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).
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.