Convert Chilean Unit of Account (UF) to Bhutanese Ngultrum
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Bhutanese Ngultrum [BTN], or Convert Bhutanese Ngultrum to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Bhutanese Ngultrum
1 CLF = 0.00028787905097617 BTN
Example: convert 15 CLF to BTN:
15 CLF = 15 × 0.00028787905097617 BTN = 0.00431818576464255 BTN
Chilean Unit Of Account (Uf) to Bhutanese Ngultrum Conversion Table
| Chilean Unit of Account (UF) | Bhutanese Ngultrum |
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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).
Bhutanese Ngultrum
The Bhutanese Ngultrum (BTN) is the official currency of Bhutan, used for all monetary transactions within the country.
History/Origin
Introduced in 1974, the Ngultrum replaced the Indian Rupee as Bhutan's official currency, establishing a separate national currency to promote economic independence.
Current Use
The Ngultrum remains the official currency of Bhutan, widely used in everyday transactions, with coins and banknotes issued by the Royal Monetary Authority of Bhutan.