Convert Uruguayan Peso to Cuban Convertible Peso
Please provide values below to convert Uruguayan Peso [UYU] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Uruguayan Peso.
How to Convert Uruguayan Peso to Cuban Convertible Peso
1 UYU = 40.2999 CUC
Example: convert 15 UYU to CUC:
15 UYU = 15 × 40.2999 CUC = 604.4985 CUC
Uruguayan Peso to Cuban Convertible Peso Conversion Table
| Uruguayan Peso | Cuban Convertible Peso |
|---|
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.
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.