Convert Cuban Peso to Uruguayan Peso
Please provide values below to convert Cuban Peso [CUP] to Uruguayan Peso [UYU], or Convert Uruguayan Peso to Cuban Peso.
How to Convert Cuban Peso to Uruguayan Peso
1 CUP = 0.595534976513589 UYU
Example: convert 15 CUP to UYU:
15 CUP = 15 × 0.595534976513589 UYU = 8.93302464770384 UYU
Cuban Peso to Uruguayan Peso Conversion Table
| Cuban Peso | Uruguayan Peso |
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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.
Uruguayan Peso
The Uruguayan Peso (UYU) is the official currency of Uruguay, used for all monetary transactions within the country.
History/Origin
Introduced in 1993 to replace the Uruguayan Peso Moneda Nacional, the UYU has undergone various redenominations and monetary reforms to stabilize the economy and control inflation.
Current Use
The UYU is widely used in Uruguay for everyday transactions, banking, and trade, and is also accepted in some border regions of neighboring countries.