Convert Nicaraguan Córdoba to Cuban Convertible Peso
Please provide values below to convert Nicaraguan Córdoba [NIO] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Cuban Convertible Peso
1 NIO = 36.7862 CUC
Example: convert 15 NIO to CUC:
15 NIO = 15 × 36.7862 CUC = 551.793 CUC
Nicaraguan Córdoba to Cuban Convertible Peso Conversion Table
| Nicaraguan Córdoba | Cuban Convertible Peso |
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Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.