Convert Cuban Peso to Israeli New Sheqel
Please provide values below to convert Cuban Peso [CUP] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Cuban Peso.
How to Convert Cuban Peso to Israeli New Sheqel
1 CUP = 7.17488789237668 ILS
Example: convert 15 CUP to ILS:
15 CUP = 15 × 7.17488789237668 ILS = 107.62331838565 ILS
Cuban Peso to Israeli New Sheqel Conversion Table
| Cuban Peso | Israeli New Sheqel |
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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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.