Convert Cuban Convertible Peso to Bulgarian Lev
Please provide values below to convert Cuban Convertible Peso [CUC] to Bulgarian Lev [BGN], or Convert Bulgarian Lev to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Bulgarian Lev
1 CUC = 0.599664188054689 BGN
Example: convert 15 CUC to BGN:
15 CUC = 15 × 0.599664188054689 BGN = 8.99496282082034 BGN
Cuban Convertible Peso to Bulgarian Lev Conversion Table
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Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.
Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.