Convert Cuban Convertible Peso to Cape Verdean Escudo
Please provide values below to convert Cuban Convertible Peso [CUC] to Cape Verdean Escudo [CVE], or Convert Cape Verdean Escudo to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Cape Verdean Escudo
1 CUC = 0.0106396900871071 CVE
Example: convert 15 CUC to CVE:
15 CUC = 15 × 0.0106396900871071 CVE = 0.159595351306607 CVE
Cuban Convertible Peso to Cape Verdean Escudo Conversion Table
| Cuban Convertible Peso | Cape Verdean Escudo |
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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.
Cape Verdean Escudo
The Cape Verdean Escudo (CVE) is the official currency of Cape Verde, used for all monetary transactions within the country.
History/Origin
Introduced in 1914, the Escudo replaced the Cape Verdean real and has undergone various reforms, with the current version established in 1992 to stabilize the economy and modernize the currency system.
Current Use
The CVE is actively used as the legal tender in Cape Verde, with banknotes and coins circulating nationwide, and it is pegged to the Euro at a fixed rate for stability.