Convert Omani Rial to Chilean Unit of Account (UF)
Please provide values below to convert Omani Rial [OMR] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Omani Rial.
How to Convert Omani Rial to Chilean Unit Of Account (Uf)
1 OMR = 15.4616374457134 CLF
Example: convert 15 OMR to CLF:
15 OMR = 15 × 15.4616374457134 CLF = 231.9245616857 CLF
Omani Rial to Chilean Unit Of Account (Uf) Conversion Table
| Omani Rial | Chilean Unit of Account (UF) |
|---|
Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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).