Convert Bermudan Dollar to Cuban Convertible Peso
Please provide values below to convert Bermudan Dollar [BMD] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Bermudan Dollar.
How to Convert Bermudan Dollar to Cuban Convertible Peso
1 BMD = 1 CUC
Example: convert 15 BMD to CUC:
15 BMD = 15 × 1 CUC = 15 CUC
Bermudan Dollar to Cuban Convertible Peso Conversion Table
| Bermudan Dollar | Cuban Convertible Peso |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
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.