Convert Chilean Unit of Account (UF) to Moroccan Dirham
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Moroccan Dirham
1 CLF = 0.00276056525648569 MAD
Example: convert 15 CLF to MAD:
15 CLF = 15 × 0.00276056525648569 MAD = 0.0414084788472853 MAD
Chilean Unit Of Account (Uf) to Moroccan Dirham Conversion Table
| Chilean Unit of Account (UF) | Moroccan Dirham |
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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).
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.