Convert Bosnia-Herzegovina Convertible Mark to Cuban Convertible Peso
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Cuban Convertible Peso
1 BAM = 1.6671 CUC
Example: convert 15 BAM to CUC:
15 BAM = 15 × 1.6671 CUC = 25.0065 CUC
Bosnia-Herzegovina Convertible Mark to Cuban Convertible Peso Conversion Table
| Bosnia-Herzegovina Convertible Mark | Cuban Convertible Peso |
|---|
Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.