Convert Cuban Convertible Peso to Paraguayan Guarani
Please provide values below to convert Cuban Convertible Peso [CUC] to Paraguayan Guarani [PYG], or Convert Paraguayan Guarani to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Paraguayan Guarani
1 CUC = 0.000129665862353645 PYG
Example: convert 15 CUC to PYG:
15 CUC = 15 × 0.000129665862353645 PYG = 0.00194498793530467 PYG
Cuban Convertible Peso to Paraguayan Guarani Conversion Table
| Cuban Convertible Peso | Paraguayan Guarani |
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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.
Paraguayan Guarani
The Paraguayan Guarani (PYG) is the official currency of Paraguay, used for all monetary transactions within the country.
History/Origin
The Guarani was introduced in 1943, replacing the peso at a rate of 1 Guarani = 1 peso, and has undergone various redenominations and reforms since then to stabilize the economy.
Current Use
Today, the Guarani remains the national currency of Paraguay, widely used in everyday commerce, banking, and financial transactions across the country.