Convert Moldovan Leu to Cuban Peso
Please provide values below to convert Moldovan Leu [MDL] to Cuban Peso [CUP], or Convert Cuban Peso to Moldovan Leu.
How to Convert Moldovan Leu to Cuban Peso
1 MDL = 0.7061875 CUP
Example: convert 15 MDL to CUP:
15 MDL = 15 × 0.7061875 CUP = 10.5928125 CUP
Moldovan Leu to Cuban Peso Conversion Table
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Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.
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.