Convert Angolan Kwanza to Cuban Peso
Please provide values below to convert Angolan Kwanza [AOA] to Cuban Peso [CUP], or Convert Cuban Peso to Angolan Kwanza.
How to Convert Angolan Kwanza to Cuban Peso
1 AOA = 38.3125083333333 CUP
Example: convert 15 AOA to CUP:
15 AOA = 15 × 38.3125083333333 CUP = 574.687625 CUP
Angolan Kwanza to Cuban Peso Conversion Table
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Angolan Kwanza
The Angolan Kwanza (AOA) is the official currency of Angola, used for all monetary transactions within the country.
History/Origin
The Kwanza was introduced in 1977, replacing the Angolan escudo after independence from Portugal. It has undergone several redenominations due to inflation and economic changes.
Current Use
The AOA is actively used as Angola's legal tender, with coins and banknotes circulating nationwide. It is managed by the National Bank of Angola.
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.