Convert Cuban Peso to Liberian Dollar
Please provide values below to convert Cuban Peso [CUP] to Liberian Dollar [LRD], or Convert Liberian Dollar to Cuban Peso.
How to Convert Cuban Peso to Liberian Dollar
1 CUP = 0.119710420492828 LRD
Example: convert 15 CUP to LRD:
15 CUP = 15 × 0.119710420492828 LRD = 1.79565630739242 LRD
Cuban Peso to Liberian Dollar Conversion Table
| Cuban Peso | Liberian Dollar |
|---|
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.
Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.