Convert Cuban Convertible Peso to Liberian Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to Liberian Dollar [LRD], or Convert Liberian Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Liberian Dollar
1 CUC = 0.00498793418720116 LRD
Example: convert 15 CUC to LRD:
15 CUC = 15 × 0.00498793418720116 LRD = 0.0748190128080174 LRD
Cuban Convertible Peso to Liberian Dollar Conversion Table
| Cuban Convertible Peso | Liberian Dollar |
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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.
Liberian Dollar
The Liberian Dollar (LRD) is the official currency of Liberia, used for all monetary transactions within the country.
History/Origin
The Liberian Dollar was introduced in 1943, replacing the Liberian Pound, and has undergone various reforms to stabilize the economy and manage inflation.
Current Use
Today, the Liberian Dollar is widely used in Liberia for everyday transactions, with coins and banknotes issued by the Central Bank of Liberia.