Convert Manx pound to Cuban Peso
Please provide values below to convert Manx pound [IMP] to Cuban Peso [CUP], or Convert Cuban Peso to Manx pound.
How to Convert Manx Pound to Cuban Peso
1 IMP = 0.0308458333333333 CUP
Example: convert 15 IMP to CUP:
15 IMP = 15 × 0.0308458333333333 CUP = 0.4626875 CUP
Manx Pound to Cuban Peso Conversion Table
| Manx pound | Cuban Peso |
|---|
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.