Convert Somali Shilling to Chilean Unit of Account (UF)
Please provide values below to convert Somali Shilling [SOS] to Chilean Unit of Account (UF) [CLF], or Convert Chilean Unit of Account (UF) to Somali Shilling.
How to Convert Somali Shilling to Chilean Unit Of Account (Uf)
1 SOS = 22978.9126588387 CLF
Example: convert 15 SOS to CLF:
15 SOS = 15 × 22978.9126588387 CLF = 344683.68988258 CLF
Somali Shilling to Chilean Unit Of Account (Uf) Conversion Table
| Somali Shilling | Chilean Unit of Account (UF) |
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Somali Shilling
The Somali Shilling (SOS) is the official currency of Somalia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Somali Shilling was introduced in 1962, replacing the Somali Somali shilling, and has undergone various reforms and devaluations due to economic challenges and civil unrest over the decades.
Current Use
Today, the Somali Shilling remains the official currency of Somalia, used in cash transactions, with banknotes and coins issued by the Central Bank of Somalia. It is also used in some neighboring regions and for remittances.
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).