Convert United States Dollar to Cuban Convertible Peso
Please provide values below to convert United States Dollar [USD] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to United States Dollar.
How to Convert United States Dollar to Cuban Convertible Peso
1 USD = 1 CUC
Example: convert 15 USD to CUC:
15 USD = 15 × 1 CUC = 15 CUC
United States Dollar to Cuban Convertible Peso Conversion Table
| United States Dollar | Cuban Convertible Peso |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.