Convert Cuban Peso to Egyptian Pound
Please provide values below to convert Cuban Peso [CUP] to Egyptian Pound [EGP], or Convert Egyptian Pound to Cuban Peso.
How to Convert Cuban Peso to Egyptian Pound
1 CUP = 0.489061328290568 EGP
Example: convert 15 CUP to EGP:
15 CUP = 15 × 0.489061328290568 EGP = 7.33591992435851 EGP
Cuban Peso to Egyptian Pound Conversion Table
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.