Convert Malagasy Ariary to Cuban Convertible Peso
Please provide values below to convert Malagasy Ariary [MGA] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Malagasy Ariary.
How to Convert Malagasy Ariary to Cuban Convertible Peso
1 MGA = 4428.2714 CUC
Example: convert 15 MGA to CUC:
15 MGA = 15 × 4428.2714 CUC = 66424.071 CUC
Malagasy Ariary to Cuban Convertible Peso Conversion Table
| Malagasy Ariary | Cuban Convertible Peso |
|---|
Malagasy Ariary
The Malagasy Ariary (MGA) is the official currency of Madagascar, used for all monetary transactions within the country.
History/Origin
The Ariary was introduced in 1961, replacing the Malagasy franc, and was initially pegged to the French franc. It was revalued in 2005, establishing the current decimal system and modernizing the currency.
Current Use
The MGA is actively used as Madagascar's legal tender, with coins and banknotes circulating throughout the country for everyday transactions and commerce.
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.