Convert Namibian Dollar to Cuban Peso
Please provide values below to convert Namibian Dollar [NAD] to Cuban Peso [CUP], or Convert Cuban Peso to Namibian Dollar.
How to Convert Namibian Dollar to Cuban Peso
1 NAD = 0.731945833333333 CUP
Example: convert 15 NAD to CUP:
15 NAD = 15 × 0.731945833333333 CUP = 10.9791875 CUP
Namibian Dollar to Cuban Peso Conversion Table
| Namibian Dollar | Cuban Peso |
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Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.
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.