Convert Dominican Peso to Cuban Convertible Peso
Please provide values below to convert Dominican Peso [DOP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Dominican Peso.
How to Convert Dominican Peso to Cuban Convertible Peso
1 DOP = 60.351 CUC
Example: convert 15 DOP to CUC:
15 DOP = 15 × 60.351 CUC = 905.265 CUC
Dominican Peso to Cuban Convertible Peso Conversion Table
| Dominican Peso | Cuban Convertible Peso |
|---|
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.
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.