Convert Chilean Unit of Account (UF) to Papua New Guinean Kina
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to Papua New Guinean Kina
1 CLF = 0.00592179835214555 PGK
Example: convert 15 CLF to PGK:
15 CLF = 15 × 0.00592179835214555 PGK = 0.0888269752821832 PGK
Chilean Unit Of Account (Uf) to Papua New Guinean Kina Conversion Table
| Chilean Unit of Account (UF) | Papua New Guinean Kina |
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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).
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.