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Easily convert VES to CLF with ConvertOnline's efficient tool.
The Venezuelan Bolívar (VES) is the official currency of Venezuela, primarily used for all financial transactions within the country. It has undergone several redenominations in response to hyperinflation and economic instability, reflecting the country's ongoing economic challenges.
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.