Convert Cuban Convertible Peso to Swedish Krona
Please provide values below to convert Cuban Convertible Peso [CUC] to Swedish Krona [SEK], or Convert Swedish Krona to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Swedish Krona
1 CUC = 0.104774577496516 SEK
Example: convert 15 CUC to SEK:
15 CUC = 15 × 0.104774577496516 SEK = 1.57161866244774 SEK
Cuban Convertible Peso to Swedish Krona Conversion Table
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.