Unidad de Fomento


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Unidad de Fomento

A non-circulating currency in Chile. It is adjusted for inflation relative to the Chilean peso (it was formerly adjusted relative to 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.
References in periodicals archive ?
Como actividades de curso continuo ya establecido, la unidad de fomento de la salud adelanta los programas de atencion integral a la infancia, que incluye las actividades del PAI, atencion integral al adolescente, atencion integral a la familia gestante, atencion integral a la mujer, atencion integral al adulto mayor y el de atencion a la poblacion con enfermedades cronicas; en esos programas se adelantan actividades individuales y grupales informativas, educativas, de control, de intervenciones puntuales que incluyen visitas domiciliarias, definidas por el comite primario de promocion y prevencion y los protocolos de cada programa.
2 billion Mexico pesos; approximately 45 billion Japanese yen; approximately 400 million Australian dollars; 20 billion South Korean won; and more than 4 million Chilean Unidad de Fomento (UF).
Margin contraction resulted principally from negative inflation, given that a significant part of the banks' asset base is denominated in inflation-linked Unidad de Fomento (UF), a higher level of liquid assets in the balance sheet mix, and significant dollar devaluation.
Payments of interest and principal will be made in US dollars (USD) adjusted according to the prevailing value of the Unidad de Fomento (UF) and the Chilean Peso (CLP)/USD exchange rate.
The periodic interest and final redemption amount paid by MLCS to the issuer will be made in a USD amount adjusted based on the then-prevailing values of both the Unidad de Fomento (UF) and the exchange rate between the USD and the CLP, as specified in the transaction's governing documents.
1The Unidad de Fomento (UF) is a unit of account utilized in Chile.

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