Convert Chilean Unit of Account (UF) to Moldovan Leu
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Moldovan Leu [MDL], or Convert Moldovan Leu to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Moldovan Leu
1 CLF = 0.00146726848983686 MDL
Example: convert 15 CLF to MDL:
15 CLF = 15 × 0.00146726848983686 MDL = 0.0220090273475529 MDL
Chilean Unit Of Account (Uf) to Moldovan Leu Conversion Table
| Chilean Unit of Account (UF) | Moldovan Leu |
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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).
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.