Convert Jamaican Dollar to Cuban Peso
Please provide values below to convert Jamaican Dollar [JMD] to Cuban Peso [CUP], or Convert Cuban Peso to Jamaican Dollar.
How to Convert Jamaican Dollar to Cuban Peso
1 JMD = 6.66989583333333 CUP
Example: convert 15 JMD to CUP:
15 JMD = 15 × 6.66989583333333 CUP = 100.0484375 CUP
Jamaican Dollar to Cuban Peso Conversion Table
| Jamaican Dollar | Cuban Peso |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
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.