Convert Omani Rial to Cuban Peso
Please provide values below to convert Omani Rial [OMR] to Cuban Peso [CUP], or Convert Cuban Peso to Omani Rial.
How to Convert Omani Rial to Cuban Peso
1 OMR = 0.0160208333333333 CUP
Example: convert 15 OMR to CUP:
15 OMR = 15 × 0.0160208333333333 CUP = 0.2403125 CUP
Omani Rial to Cuban Peso Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
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.