Convert Georgian Lari to Cuban Peso
Please provide values below to convert Georgian Lari [GEL] to Cuban Peso [CUP], or Convert Cuban Peso to Georgian Lari.
How to Convert Georgian Lari to Cuban Peso
1 GEL = 0.112891666666667 CUP
Example: convert 15 GEL to CUP:
15 GEL = 15 × 0.112891666666667 CUP = 1.693375 CUP
Georgian Lari to Cuban Peso Conversion Table
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.