Convert Chilean Unit of Account (UF) to North Korean Won
Please provide values below to convert Chilean Unit of Account (UF) [CLF] to North Korean Won [KPW], or Convert North Korean Won to Chilean Unit of Account (UF).
How to Convert Chilean Unit Of Account (Uf) to North Korean Won
1 CLF = 2.76311111111111e-05 KPW
Example: convert 15 CLF to KPW:
15 CLF = 15 × 2.76311111111111e-05 KPW = 0.000414466666666667 KPW
Chilean Unit Of Account (Uf) to North Korean Won Conversion Table
| Chilean Unit of Account (UF) | North Korean Won |
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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).
North Korean Won
The North Korean Won (KPW) is the official currency of North Korea, used for everyday transactions within the country.
History/Origin
The North Korean Won was first introduced in 1947, replacing the Korean won used during the Japanese occupation, and has undergone several redenominations and reforms since then.
Current Use
Today, the KPW is primarily used domestically in North Korea, with limited acceptance outside the country; it is subject to strict government control and currency regulations.