Convert Chilean Unit of Account (UF) to Bosnia-Herzegovina Convertible Mark
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Bosnia-Herzegovina Convertible Mark [BAM], or Convert Bosnia-Herzegovina Convertible Mark to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Bosnia-Herzegovina Convertible Mark
1 CLF = 0.0149169216003839 BAM
Example: convert 15 CLF to BAM:
15 CLF = 15 × 0.0149169216003839 BAM = 0.223753824005758 BAM
Chilean Unit Of Account (Uf) to Bosnia-Herzegovina Convertible Mark Conversion Table
| Chilean Unit of Account (UF) | Bosnia-Herzegovina Convertible Mark |
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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).
Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.