Convert Cuban Convertible Peso to Namibian Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to Namibian Dollar [NAD], or Convert Namibian Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Namibian Dollar
1 CUC = 0.0569258881861704 NAD
Example: convert 15 CUC to NAD:
15 CUC = 15 × 0.0569258881861704 NAD = 0.853888322792556 NAD
Cuban Convertible Peso to Namibian Dollar Conversion Table
| Cuban Convertible Peso | Namibian 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.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.