Convert Cuban Convertible Peso to Lebanese Pound
Please provide values below to convert Cuban Convertible Peso [CUC] to Lebanese Pound [LBP], or Convert Lebanese Pound to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Lebanese Pound
1 CUC = 1.11731843575419e-05 LBP
Example: convert 15 CUC to LBP:
15 CUC = 15 × 1.11731843575419e-05 LBP = 0.000167597765363128 LBP
Cuban Convertible Peso to Lebanese Pound Conversion Table
| Cuban Convertible Peso | Lebanese Pound |
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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.
Lebanese Pound
The Lebanese Pound (LBP) is the official currency of Lebanon, used for everyday transactions and financial exchanges within the country.
History/Origin
The Lebanese Pound was introduced in 1939, replacing the Lebanese lira, and has undergone various devaluations and reforms due to economic challenges and political instability over the decades.
Current Use
Today, the Lebanese Pound remains the official currency of Lebanon, but due to economic crises, the country also extensively uses the US dollar for transactions and savings.