Convert Brazilian Real to Cuban Convertible Peso
Please provide values below to convert Brazilian Real [BRL] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Brazilian Real.
How to Convert Brazilian Real to Cuban Convertible Peso
1 BRL = 5.567 CUC
Example: convert 15 BRL to CUC:
15 BRL = 15 × 5.567 CUC = 83.505 CUC
Brazilian Real to Cuban Convertible Peso Conversion Table
| Brazilian Real | Cuban Convertible Peso |
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.