Convert Cuban Convertible Peso to Moldovan Leu
Please provide values below to convert Cuban Convertible Peso [CUC] to Moldovan Leu [MDL], or Convert Moldovan Leu to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Moldovan Leu
1 CUC = 0.0590022715874561 MDL
Example: convert 15 CUC to MDL:
15 CUC = 15 × 0.0590022715874561 MDL = 0.885034073811842 MDL
Cuban Convertible Peso to Moldovan Leu Conversion Table
| Cuban Convertible Peso | Moldovan Leu |
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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.
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.