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The ISO 4217 currency code for Chile Unidades de Fomento.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
ISO 4217 code for the Chilean unidad de fomento. It is a unit of account in Chile that does not circulate. It is adjusted for inflation relative to the Chilean peso (and earlier the Chilean escudo) so that its value remains constant. It was created in 1967 and was originally used to help the Chilean government pay its loans for international development.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved