Convert Indian Rupee to Cuban Convertible Peso
Please provide values below to convert Indian Rupee [INR] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Indian Rupee.
How to Convert Indian Rupee to Cuban Convertible Peso
1 INR = 86.3873 CUC
Example: convert 15 INR to CUC:
15 INR = 15 × 86.3873 CUC = 1295.8095 CUC
Indian Rupee to Cuban Convertible Peso Conversion Table
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Indian Rupee
The Indian Rupee (INR) is the official currency of India, used for everyday transactions and financial exchanges within the country.
History/Origin
The Indian Rupee has a history dating back to ancient India, where it was used as a silver coin. It was formally adopted as the official currency during British rule and has evolved through various denominations and reforms to its current form.
Current Use
Today, the INR is widely used across India for all forms of monetary transactions, both cash and digital, and is managed by the Reserve Bank of India. It is also accepted in some neighboring countries and is a recognized currency in international trade.
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.