Convert Cuban Peso to Turkish Lira
Please provide values below to convert Cuban Peso [CUP] to Turkish Lira [TRY], or Convert Turkish Lira to Cuban Peso.
How to Convert Cuban Peso to Turkish Lira
1 CUP = 0.593461537510478 TRY
Example: convert 15 CUP to TRY:
15 CUP = 15 × 0.593461537510478 TRY = 8.90192306265718 TRY
Cuban Peso to Turkish Lira Conversion Table
| Cuban Peso | Turkish Lira |
|---|
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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.