Convert Moroccan Dirham to Cuban Convertible Peso
Please provide values below to convert Moroccan Dirham [MAD] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Moroccan Dirham.
How to Convert Moroccan Dirham to Cuban Convertible Peso
1 MAD = 9.0083 CUC
Example: convert 15 MAD to CUC:
15 MAD = 15 × 9.0083 CUC = 135.1245 CUC
Moroccan Dirham to Cuban Convertible Peso Conversion Table
| Moroccan Dirham | Cuban Convertible Peso |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.