Convert Cuban Convertible Peso to Nicaraguan Córdoba
Please provide values below to convert Cuban Convertible Peso [CUC] to Nicaraguan Córdoba [NIO], or Convert Nicaraguan Córdoba to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Nicaraguan Córdoba
1 CUC = 0.0271841070836346 NIO
Example: convert 15 CUC to NIO:
15 CUC = 15 × 0.0271841070836346 NIO = 0.407761606254519 NIO
Cuban Convertible Peso to Nicaraguan Córdoba Conversion Table
| Cuban Convertible Peso | Nicaraguan Córdoba |
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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.
Nicaraguan Córdoba
The Nicaraguan Córdoba (NIO) is the official currency of Nicaragua, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Nicaraguan Córdoba was introduced in 1912, replacing the Nicaraguan peso. It has undergone several redenominations and reforms, with the current version being issued in 1998 to stabilize the economy after periods of inflation.
Current Use
Today, the Nicaraguan Córdoba is the primary legal tender in Nicaragua, used in all financial transactions, banking, and commerce across the country.