Convert Macedonian Denar to Cuban Convertible Peso
Please provide values below to convert Macedonian Denar [MKD] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Macedonian Denar.
How to Convert Macedonian Denar to Cuban Convertible Peso
1 MKD = 52.8458 CUC
Example: convert 15 MKD to CUC:
15 MKD = 15 × 52.8458 CUC = 792.687 CUC
Macedonian Denar to Cuban Convertible Peso Conversion Table
| Macedonian Denar | Cuban Convertible Peso |
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.