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Mexico has an interesting similar concept, it's called UDI: (Unidades de Inversión, Investment Units), it's a currency tied to inflation, its a currency tied to
by pacofvf 11y ago
Mexico has an interesting similar concept, it's called UDI: (Unidades de Inversión, Investment Units), it's a currency tied to inflation, its a currency tied to inflation and it's used by financial entities to hedge against inflation.
- bizarref00l 11y agoI guess Chile's UF (unidad de fomento, development units) is something alike too. Mortgages are usually done using UF.
- vpeters25 11y agoAccording to wikipedia (https://en.wikipedia.org/wiki/Unidad_de_Fomento https://en.wikipedia.org/wiki/Unidad_de_Fomento), Chile's UF was created in 1968. I think the Pinochet dictatorship expanded the UF to be used in financial transactions like mortgages. Large loans such as for cars or college are also in UF. It would be interesting to know whether Chile's UF served as inspiration to these brazilians.