The Unidades de Fomento (UF) is a unit of account. It is a non-circulating currency; the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation.
The Unidades de Fomento (UF) is a unit of account. It is a non-circulating currency; the exchange rate between the UF and the Chilean peso is constantly adjusted for inflation so that the purchasing power of the Unidad de Fomento remains almost constant on a daily basis during low inflation.
Source: Wikipedia "Unidad de Fomento" · CC BY-SA 4.0
Share this article: X · Bluesky