Convert Cuban Convertible Peso to Iranian Rial
Please provide values below to convert Cuban Convertible Peso [CUC] to Iranian Rial [IRR], or Convert Iranian Rial to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Iranian Rial
1 CUC = 2.35639627994117e-05 IRR
Example: convert 15 CUC to IRR:
15 CUC = 15 × 2.35639627994117e-05 IRR = 0.000353459441991175 IRR
Cuban Convertible Peso to Iranian Rial Conversion Table
| Cuban Convertible Peso | Iranian Rial |
|---|
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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.