Convert Cuban Convertible Peso to Chinese Yuan
Please provide values below to convert Cuban Convertible Peso [CUC] to Chinese Yuan [CNY], or Convert Chinese Yuan to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Chinese Yuan
1 CUC = 0.139394192837926 CNY
Example: convert 15 CUC to CNY:
15 CUC = 15 × 0.139394192837926 CNY = 2.0909128925689 CNY
Cuban Convertible Peso to Chinese Yuan Conversion Table
| Cuban Convertible Peso | Chinese Yuan |
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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.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).