Convert Angolan Kwanza to Cuban Convertible Peso
Please provide values below to convert Angolan Kwanza [AOA] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Angolan Kwanza.
How to Convert Angolan Kwanza to Cuban Convertible Peso
1 AOA = 919.5002 CUC
Example: convert 15 AOA to CUC:
15 AOA = 15 × 919.5002 CUC = 13792.503 CUC
Angolan Kwanza to Cuban Convertible Peso Conversion Table
| Angolan Kwanza | Cuban Convertible Peso |
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.