Convert Cuban Convertible Peso to Turkmenistani Manat
Please provide values below to convert Cuban Convertible Peso [CUC] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Turkmenistani Manat
1 CUC = 0.285714285714286 TMT
Example: convert 15 CUC to TMT:
15 CUC = 15 × 0.285714285714286 TMT = 4.28571428571429 TMT
Cuban Convertible Peso to Turkmenistani Manat Conversion Table
| Cuban Convertible Peso | Turkmenistani Manat |
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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.
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.