Convert Cuban Convertible Peso to Malawian Kwacha
Please provide values below to convert Cuban Convertible Peso [CUC] to Malawian Kwacha [MWK], or Convert Malawian Kwacha to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Malawian Kwacha
1 CUC = 0.000573560479342847 MWK
Example: convert 15 CUC to MWK:
15 CUC = 15 × 0.000573560479342847 MWK = 0.0086034071901427 MWK
Cuban Convertible Peso to Malawian Kwacha Conversion Table
| Cuban Convertible Peso | Malawian Kwacha |
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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.
Malawian Kwacha
The Malawian Kwacha (MWK) is the official currency of Malawi, used for all monetary transactions within the country.
History/Origin
The Malawian Kwacha was introduced in 1971, replacing the Malawian Pound, as part of Malawi's monetary reform to establish a national currency.
Current Use
Today, the MWK is actively used in Malawi for everyday transactions, banking, and trade, with coins and banknotes issued by the Reserve Bank of Malawi.