Convert Cuban Convertible Peso to Mongolian Tugrik
Please provide values below to convert Cuban Convertible Peso [CUC] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Mongolian Tugrik
1 CUC = 0.000281711662028942 MNT
Example: convert 15 CUC to MNT:
15 CUC = 15 × 0.000281711662028942 MNT = 0.00422567493043412 MNT
Cuban Convertible Peso to Mongolian Tugrik Conversion Table
| Cuban Convertible Peso | Mongolian Tugrik |
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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.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.