Convert Cuban Convertible Peso to Mozambican Metical
Please provide values below to convert Cuban Convertible Peso [CUC] to Mozambican Metical [MZN], or Convert Mozambican Metical to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Mozambican Metical
1 CUC = 0.0157177593390997 MZN
Example: convert 15 CUC to MZN:
15 CUC = 15 × 0.0157177593390997 MZN = 0.235766390086495 MZN
Cuban Convertible Peso to Mozambican Metical Conversion Table
| Cuban Convertible Peso | Mozambican Metical |
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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.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.