Convert Cuban Convertible Peso to Papua New Guinean Kina
Please provide values below to convert Cuban Convertible Peso [CUC] to Papua New Guinean Kina [PGK], or Convert Papua New Guinean Kina to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Papua New Guinean Kina
1 CUC = 0.238129256560461 PGK
Example: convert 15 CUC to PGK:
15 CUC = 15 × 0.238129256560461 PGK = 3.57193884840692 PGK
Cuban Convertible Peso to Papua New Guinean Kina Conversion Table
| Cuban Convertible Peso | Papua New Guinean Kina |
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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.
Papua New Guinean Kina
The Papua New Guinean Kina (PGK) is the official currency of Papua New Guinea, used for all monetary transactions within the country.
History/Origin
Introduced in 1975, replacing the Australian dollar, the Kina was established to establish a national currency and promote economic independence for Papua New Guinea.
Current Use
The Kina is actively used in everyday transactions, banking, and trade within Papua New Guinea, with coins and banknotes issued by the country's central bank, the Bank of Papua New Guinea.