Convert Cuban Peso to Nigerian Naira
Please provide values below to convert Cuban Peso [CUP] to Nigerian Naira [NGN], or Convert Nigerian Naira to Cuban Peso.
How to Convert Cuban Peso to Nigerian Naira
1 CUP = 0.0156790713599615 NGN
Example: convert 15 CUP to NGN:
15 CUP = 15 × 0.0156790713599615 NGN = 0.235186070399422 NGN
Cuban Peso to Nigerian Naira Conversion Table
| Cuban Peso | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.