Convert Malaysian Ringgit to Cuban Peso
Please provide values below to convert Malaysian Ringgit [MYR] to Cuban Peso [CUP], or Convert Cuban Peso to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Cuban Peso
1 MYR = 0.176308333333333 CUP
Example: convert 15 MYR to CUP:
15 MYR = 15 × 0.176308333333333 CUP = 2.644625 CUP
Malaysian Ringgit to Cuban Peso Conversion Table
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.