Convert Cuban Convertible Peso to Chinese Yuan (Offshore)
Please provide values below to convert Cuban Convertible Peso [CUC] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Chinese Yuan (Offshore)
1 CUC = 0.139440472792445 CNH
Example: convert 15 CUC to CNH:
15 CUC = 15 × 0.139440472792445 CNH = 2.09160709188667 CNH
Cuban Convertible Peso to Chinese Yuan (Offshore) Conversion Table
| Cuban Convertible Peso | Chinese Yuan (Offshore) |
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.