Convert Peruvian Nuevo Sol to Cuban Peso
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Cuban Peso [CUP], or Convert Cuban Peso to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Cuban Peso
1 PEN = 0.1482375 CUP
Example: convert 15 PEN to CUP:
15 PEN = 15 × 0.1482375 CUP = 2.2235625 CUP
Peruvian Nuevo Sol to Cuban Peso Conversion Table
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
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.