Convert Cuban Peso to Colombian Peso
Please provide values below to convert Cuban Peso [CUP] to Colombian Peso [COP], or Convert Colombian Peso to Cuban Peso.
How to Convert Cuban Peso to Colombian Peso
1 CUP = 0.00595323023264628 COP
Example: convert 15 CUP to COP:
15 CUP = 15 × 0.00595323023264628 COP = 0.0892984534896943 COP
Cuban Peso to Colombian Peso Conversion Table
| Cuban Peso | Colombian Peso |
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.