Convert Ugandan Shilling to Cuban Convertible Peso
Please provide values below to convert Ugandan Shilling [UGX] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Ugandan Shilling.
How to Convert Ugandan Shilling to Cuban Convertible Peso
1 UGX = 3566.2686 CUC
Example: convert 15 UGX to CUC:
15 UGX = 15 × 3566.2686 CUC = 53494.029 CUC
Ugandan Shilling to Cuban Convertible Peso Conversion Table
| Ugandan Shilling | Cuban Convertible Peso |
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Ugandan Shilling
The Ugandan Shilling (UGX) is the official currency of Uganda, used for all monetary transactions within the country.
History/Origin
The Ugandan Shilling was introduced in 1966, replacing the East African Shilling, and has undergone various denominations and reforms over the years to stabilize the economy.
Current Use
Today, the UGX is widely used in Uganda for everyday transactions, banking, and trade, and is managed by the Bank of Uganda.
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.