Convert Falkland Islands Pound to Cuban Convertible Peso
Please provide values below to convert Falkland Islands Pound [FKP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Cuban Convertible Peso
1 FKP = 0.7403 CUC
Example: convert 15 FKP to CUC:
15 FKP = 15 × 0.7403 CUC = 11.1045 CUC
Falkland Islands Pound to Cuban Convertible Peso Conversion Table
| Falkland Islands Pound | Cuban Convertible Peso |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.