Convert Cuban Peso to Mongolian Tugrik
Please provide values below to convert Cuban Peso [CUP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Cuban Peso.
How to Convert Cuban Peso to Mongolian Tugrik
1 CUP = 0.0067610798886946 MNT
Example: convert 15 CUP to MNT:
15 CUP = 15 × 0.0067610798886946 MNT = 0.101416198330419 MNT
Cuban Peso to Mongolian Tugrik Conversion Table
| Cuban Peso | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.