Convert Colombian Peso to Cuban Convertible Peso
Please provide values below to convert Colombian Peso [COP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Colombian Peso.
How to Convert Colombian Peso to Cuban Convertible Peso
1 COP = 4031.4248 CUC
Example: convert 15 COP to CUC:
15 COP = 15 × 4031.4248 CUC = 60471.372 CUC
Colombian Peso to Cuban Convertible Peso Conversion Table
| Colombian Peso | Cuban Convertible Peso |
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Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.
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.