Convert Kazakhstani Tenge to Cuban Convertible Peso
Please provide values below to convert Kazakhstani Tenge [KZT] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Kazakhstani Tenge.
How to Convert Kazakhstani Tenge to Cuban Convertible Peso
1 KZT = 534.7082 CUC
Example: convert 15 KZT to CUC:
15 KZT = 15 × 534.7082 CUC = 8020.623 CUC
Kazakhstani Tenge to Cuban Convertible Peso Conversion Table
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Kazakhstani Tenge
The Kazakhstani Tenge (KZT) is the official currency of Kazakhstan, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 following Kazakhstan's independence from the Soviet Union, the Tenge replaced the Soviet ruble and has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Tenge is actively used in Kazakhstan for everyday transactions, banking, and trade, and is managed by the National Bank of Kazakhstan. It features modern security features and is available in both cash and digital forms.
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.