Convert Czech Republic Koruna to Cuban Peso
Please provide values below to convert Czech Republic Koruna [CZK] to Cuban Peso [CUP], or Convert Cuban Peso to Czech Republic Koruna.
How to Convert Czech Republic Koruna to Cuban Peso
1 CZK = 0.874875 CUP
Example: convert 15 CZK to CUP:
15 CZK = 15 × 0.874875 CUP = 13.123125 CUP
Czech Republic Koruna to Cuban Peso Conversion Table
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Czech Republic Koruna
The Czech Republic Koruna (CZK) is the official currency of the Czech Republic, used for all monetary transactions within the country.
History/Origin
The Koruna was introduced in 1993 following the dissolution of Czechoslovakia, replacing the Czechoslovak koruna at par. It has undergone various reforms and decimalization over the years.
Current Use
The CZK is widely used in everyday transactions, banking, and international trade within the Czech Republic. It is also accepted in some neighboring regions and is actively traded on the foreign exchange market.
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.