Convert Uzbekistan Som to Cuban Peso
Please provide values below to convert Uzbekistan Som [UZS] to Cuban Peso [CUP], or Convert Cuban Peso to Uzbekistan Som.
How to Convert Uzbekistan Som to Cuban Peso
1 UZS = 529.436304166667 CUP
Example: convert 15 UZS to CUP:
15 UZS = 15 × 529.436304166667 CUP = 7941.5445625 CUP
Uzbekistan Som to Cuban Peso Conversion Table
| Uzbekistan Som | Cuban 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 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.