Convert Cuban Peso to Turkmenistani Manat
Please provide values below to convert Cuban Peso [CUP] to Turkmenistani Manat [TMT], or Convert Turkmenistani Manat to Cuban Peso.
How to Convert Cuban Peso to Turkmenistani Manat
1 CUP = 6.85714285714286 TMT
Example: convert 15 CUP to TMT:
15 CUP = 15 × 6.85714285714286 TMT = 102.857142857143 TMT
Cuban Peso to Turkmenistani Manat Conversion Table
| Cuban Peso | Turkmenistani Manat |
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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.
Turkmenistani Manat
The Turkmenistani Manat (TMT) is the official currency of Turkmenistan, used for all monetary transactions within the country.
History/Origin
The Turkmenistani Manat was introduced in 1993, replacing the Soviet ruble, and has undergone several redenominations to stabilize the economy and control inflation.
Current Use
Today, the Manat is widely used in Turkmenistan for everyday transactions, banking, and trade, with banknotes and coins issued by the Central Bank of Turkmenistan.