Convert Argentine Peso to Cuban Convertible Peso
Please provide values below to convert Argentine Peso [ARS] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Argentine Peso.
How to Convert Argentine Peso to Cuban Convertible Peso
1 ARS = 1266.17 CUC
Example: convert 15 ARS to CUC:
15 ARS = 15 × 1266.17 CUC = 18992.55 CUC
Argentine Peso to Cuban Convertible Peso Conversion Table
| Argentine Peso | Cuban Convertible Peso |
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Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.
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.