Convert Ethiopian Birr to Cuban Peso
Please provide values below to convert Ethiopian Birr [ETB] to Cuban Peso [CUP], or Convert Cuban Peso to Ethiopian Birr.
How to Convert Ethiopian Birr to Cuban Peso
1 ETB = 5.69321666666667 CUP
Example: convert 15 ETB to CUP:
15 ETB = 15 × 5.69321666666667 CUP = 85.39825 CUP
Ethiopian Birr to Cuban Peso Conversion Table
| Ethiopian Birr | Cuban Peso |
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Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.
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.