Convert Turkmenistani Manat to Cuban Peso
Please provide values below to convert Turkmenistani Manat [TMT] to Cuban Peso [CUP], or Convert Cuban Peso to Turkmenistani Manat.
How to Convert Turkmenistani Manat to Cuban Peso
1 TMT = 0.145833333333333 CUP
Example: convert 15 TMT to CUP:
15 TMT = 15 × 0.145833333333333 CUP = 2.1875 CUP
Turkmenistani Manat to Cuban Peso Conversion Table
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Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.
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.