Convert Peruvian Nuevo Sol to Cuban Convertible Peso
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Cuban Convertible Peso
1 PEN = 3.5577 CUC
Example: convert 15 PEN to CUC:
15 PEN = 15 × 3.5577 CUC = 53.3655 CUC
Peruvian Nuevo Sol to Cuban Convertible Peso Conversion Table
| Peruvian Nuevo Sol | Cuban Convertible Peso |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.