Convert Nicaraguan Córdoba to Cuban Peso
Please provide values below to convert Nicaraguan Córdoba [NIO] to Cuban Peso [CUP], or Convert Cuban Peso to Nicaraguan Córdoba.
How to Convert Nicaraguan Córdoba to Cuban Peso
1 NIO = 1.53275833333333 CUP
Example: convert 15 NIO to CUP:
15 NIO = 15 × 1.53275833333333 CUP = 22.991375 CUP
Nicaraguan Córdoba to Cuban Peso Conversion Table
| Nicaraguan Córdoba | Cuban Peso |
|---|
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.
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.