Convert Cuban Peso to Jamaican Dollar
Please provide values below to convert Cuban Peso [CUP] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Cuban Peso.
How to Convert Cuban Peso to Jamaican Dollar
1 CUP = 0.149927378925833 JMD
Example: convert 15 CUP to JMD:
15 CUP = 15 × 0.149927378925833 JMD = 2.24891068388749 JMD
Cuban Peso to Jamaican Dollar Conversion Table
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.