Convert Cuban Peso to Iranian Rial
Please provide values below to convert Cuban Peso [CUP] to Iranian Rial [IRR], or Convert Iranian Rial to Cuban Peso.
How to Convert Cuban Peso to Iranian Rial
1 CUP = 0.000565535107185881 IRR
Example: convert 15 CUP to IRR:
15 CUP = 15 × 0.000565535107185881 IRR = 0.00848302660778821 IRR
Cuban Peso to Iranian Rial Conversion Table
| Cuban Peso | Iranian Rial |
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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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.