Convert Cuban Peso to Mozambican Metical
Please provide values below to convert Cuban Peso [CUP] to Mozambican Metical [MZN], or Convert Mozambican Metical to Cuban Peso.
How to Convert Cuban Peso to Mozambican Metical
1 CUP = 0.377226224138392 MZN
Example: convert 15 CUP to MZN:
15 CUP = 15 × 0.377226224138392 MZN = 5.65839336207588 MZN
Cuban Peso to Mozambican Metical Conversion Table
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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.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.