Convert Saudi Riyal to Cuban Convertible Peso
Please provide values below to convert Saudi Riyal [SAR] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Saudi Riyal.
How to Convert Saudi Riyal to Cuban Convertible Peso
1 SAR = 3.75 CUC
Example: convert 15 SAR to CUC:
15 SAR = 15 × 3.75 CUC = 56.25 CUC
Saudi Riyal to Cuban Convertible Peso Conversion Table
| Saudi Riyal | Cuban Convertible Peso |
|---|
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.