Convert Chilean Unit of Account (UF) to Omani Rial
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Omani Rial [OMR], or Convert Omani Rial to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Omani Rial
1 CLF = 0.0646762028608583 OMR
Example: convert 15 CLF to OMR:
15 CLF = 15 × 0.0646762028608583 OMR = 0.970143042912874 OMR
Chilean Unit Of Account (Uf) to Omani Rial Conversion Table
| Chilean Unit of Account (UF) | Omani Rial |
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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).
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.