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Easily convert COP to CLF with ConvertOnline's efficient tool.
The Colombian Peso (COP) is the official currency of Colombia, established as the country's legal tender in 1821. It is represented by the symbol '$' and is subdivided into 100 centavos. The Colombian Peso plays a crucial role in the country's economy, facilitating trade, investment, and everyday transactions among its citizens and businesses.
The Unidad de Fomento (CLF) is a Chilean inflation-indexed unit of account used primarily for financial contracts, mortgages, and long-term loans. Its value is adjusted daily according to inflation, maintaining purchasing power over time, but it is not a circulating currency.