Convert Cuban Convertible Peso to Jamaican Dollar
Please provide values below to convert Cuban Convertible Peso [CUC] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Jamaican Dollar
1 CUC = 0.0062469741219097 JMD
Example: convert 15 CUC to JMD:
15 CUC = 15 × 0.0062469741219097 JMD = 0.0937046118286455 JMD
Cuban Convertible Peso to Jamaican Dollar Conversion Table
| Cuban Convertible Peso | Jamaican Dollar |
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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.
Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.