Convert Cuban Convertible Peso to Moroccan Dirham
Please provide values below to convert Cuban Convertible Peso [CUC] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Moroccan Dirham
1 CUC = 0.111008736387554 MAD
Example: convert 15 CUC to MAD:
15 CUC = 15 × 0.111008736387554 MAD = 1.66513104581331 MAD
Cuban Convertible Peso to Moroccan Dirham Conversion Table
| Cuban Convertible Peso | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.