Convert Macedonian Denar to Cuban Peso
Please provide values below to convert Macedonian Denar [MKD] to Cuban Peso [CUP], or Convert Cuban Peso to Macedonian Denar.
How to Convert Macedonian Denar to Cuban Peso
1 MKD = 2.20190833333333 CUP
Example: convert 15 MKD to CUP:
15 MKD = 15 × 2.20190833333333 CUP = 33.028625 CUP
Macedonian Denar to Cuban Peso Conversion Table
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Macedonian Denar
The Macedonian Denar (MKD) is the official currency of North Macedonia, used for all monetary transactions within the country.
History/Origin
The Denar was introduced in 1992 following the independence of North Macedonia, replacing the Yugoslav dinar. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Denar is actively used as the national currency for everyday transactions, banking, and trade in North Macedonia, with coins and banknotes issued by the National Bank of North Macedonia.
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.