Convert Cuban Convertible Peso to Albanian Lek
Please provide values below to convert Cuban Convertible Peso [CUC] to Albanian Lek [ALL], or Convert Albanian Lek to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Albanian Lek
1 CUC = 0.0119909396460035 ALL
Example: convert 15 CUC to ALL:
15 CUC = 15 × 0.0119909396460035 ALL = 0.179864094690052 ALL
Cuban Convertible Peso to Albanian Lek Conversion Table
| Cuban Convertible Peso | Albanian Lek |
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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.
Albanian Lek
The Albanian Lek (ALL) is the official currency of Albania, used for everyday transactions and financial exchanges within the country.
History/Origin
The Albanian Lek was introduced in 1926, replacing the Albanian franc, and has undergone several reforms, with the current version issued since 1992 to stabilize the economy after the fall of communism.
Current Use
The Albanian Lek is actively used as the primary currency in Albania for all forms of payment, banking, and financial transactions.