Convert Cuban Convertible Peso to Rwandan Franc
Please provide values below to convert Cuban Convertible Peso [CUC] to Rwandan Franc [RWF], or Convert Rwandan Franc to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Rwandan Franc
1 CUC = 0.000690907477954179 RWF
Example: convert 15 CUC to RWF:
15 CUC = 15 × 0.000690907477954179 RWF = 0.0103636121693127 RWF
Cuban Convertible Peso to Rwandan Franc Conversion Table
| Cuban Convertible Peso | Rwandan Franc |
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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.
Rwandan Franc
The Rwandan Franc (RWF) is the official currency of Rwanda, used for all monetary transactions within the country.
History/Origin
The Rwandan Franc was introduced in 1964, replacing the Rwandan Congolese franc, and has undergone various redenominations and updates since then to stabilize the economy and facilitate trade.
Current Use
Today, the Rwandan Franc is widely used in Rwanda for everyday transactions, banking, and trade, with coins and banknotes issued by the National Bank of Rwanda.