Convert British Pound Sterling to Cuban Convertible Peso
Please provide values below to convert British Pound Sterling [GBP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to British Pound Sterling.
How to Convert British Pound Sterling to Cuban Convertible Peso
1 GBP = 0.7402 CUC
Example: convert 15 GBP to CUC:
15 GBP = 15 × 0.7402 CUC = 11.103 CUC
British Pound Sterling to Cuban Convertible Peso Conversion Table
| British Pound Sterling | Cuban Convertible Peso |
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British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.