Convert Cuban Convertible Peso to Ethiopian Birr
Please provide values below to convert Cuban Convertible Peso [CUC] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Ethiopian Birr
1 CUC = 0.00731865114331968 ETB
Example: convert 15 CUC to ETB:
15 CUC = 15 × 0.00731865114331968 ETB = 0.109779767149795 ETB
Cuban Convertible Peso to Ethiopian Birr Conversion Table
| Cuban Convertible Peso | Ethiopian Birr |
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.