Convert Uzbekistan Som to Cuban Convertible Peso
Please provide values below to convert Uzbekistan Som [UZS] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Uzbekistan Som.
How to Convert Uzbekistan Som to Cuban Convertible Peso
1 UZS = 12706.4713 CUC
Example: convert 15 UZS to CUC:
15 UZS = 15 × 12706.4713 CUC = 190597.0695 CUC
Uzbekistan Som to Cuban Convertible Peso Conversion Table
| Uzbekistan Som | Cuban Convertible Peso |
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Uzbekistan Som
The Uzbekistan Som (UZS) is the official currency of Uzbekistan, used for everyday transactions and monetary exchanges within the country.
History/Origin
Introduced in 1993 following Uzbekistan's independence from the Soviet Union, the Som replaced the Russian ruble as the national currency. It has undergone several redenominations and reforms over the years to stabilize the economy.
Current Use
The Uzbekistan Som is actively used for all forms of financial transactions in Uzbekistan, including cash payments, banking, and electronic transfers. It is managed and issued by the Central Bank of Uzbekistan.
Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.