Convert Cuban Convertible Peso to Euro
Please provide values below to convert Cuban Convertible Peso [CUC] to Euro [EUR], or Convert Euro to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Euro
1 CUC = 1.17274539697432 EUR
Example: convert 15 CUC to EUR:
15 CUC = 15 × 1.17274539697432 EUR = 17.5911809546148 EUR
Cuban Convertible Peso to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.