Convert Cuban Convertible Peso to Libyan Dinar
Please provide values below to convert Cuban Convertible Peso [CUC] to Libyan Dinar [LYD], or Convert Libyan Dinar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Libyan Dinar
1 CUC = 0.184229918938836 LYD
Example: convert 15 CUC to LYD:
15 CUC = 15 × 0.184229918938836 LYD = 2.76344878408254 LYD
Cuban Convertible Peso to Libyan Dinar Conversion Table
| Cuban Convertible Peso | Libyan Dinar |
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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.
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.