Convert Moroccan Dirham to Cuban Peso
Please provide values below to convert Moroccan Dirham [MAD] to Cuban Peso [CUP], or Convert Cuban Peso to Moroccan Dirham.
How to Convert Moroccan Dirham to Cuban Peso
1 MAD = 0.375345833333333 CUP
Example: convert 15 MAD to CUP:
15 MAD = 15 × 0.375345833333333 CUP = 5.6301875 CUP
Moroccan Dirham to Cuban Peso Conversion Table
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
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.