Convert Cuban Convertible Peso to Georgian Lari
Please provide values below to convert Cuban Convertible Peso [CUC] to Georgian Lari [GEL], or Convert Georgian Lari to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Georgian Lari
1 CUC = 0.369085406363032 GEL
Example: convert 15 CUC to GEL:
15 CUC = 15 × 0.369085406363032 GEL = 5.53628109544549 GEL
Cuban Convertible Peso to Georgian Lari Conversion Table
| Cuban Convertible Peso | Georgian Lari |
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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.
Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.