Convert Cuban Convertible Peso to Chilean Unit of Account (UF)
Please provide values below to convert Cuban Convertible Peso [CUC] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Chilean Unit Of Account (Uf)
1 CUC = 40.2123210551713 CLF
Example: convert 15 CUC to CLF:
15 CUC = 15 × 40.2123210551713 CLF = 603.18481582757 CLF
Cuban Convertible Peso to Chilean Unit Of Account (Uf) Conversion Table
| Cuban Convertible Peso | Chilean Unit of Account (UF) |
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Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.
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).