Convert Cuban Peso to Dominican Peso
Please provide values below to convert Cuban Peso [CUP] to Dominican Peso [DOP], or Convert Dominican Peso to Cuban Peso.
How to Convert Cuban Peso to Dominican Peso
1 CUP = 0.397673609385097 DOP
Example: convert 15 CUP to DOP:
15 CUP = 15 × 0.397673609385097 DOP = 5.96510414077646 DOP
Cuban Peso to Dominican Peso Conversion Table
| Cuban Peso | Dominican Peso |
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.