Convert Cuban Convertible Peso to Armenian Dram
Please provide values below to convert Cuban Convertible Peso [CUC] to Armenian Dram [AMD], or Convert Armenian Dram to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Armenian Dram
1 CUC = 0.00260380728701507 AMD
Example: convert 15 CUC to AMD:
15 CUC = 15 × 0.00260380728701507 AMD = 0.0390571093052261 AMD
Cuban Convertible Peso to Armenian Dram Conversion Table
| Cuban Convertible Peso | Armenian Dram |
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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.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.