Convert Myanma Kyat to Cuban Peso
Please provide values below to convert Myanma Kyat [MMK] to Cuban Peso [CUP], or Convert Cuban Peso to Myanma Kyat.
How to Convert Myanma Kyat to Cuban Peso
1 MMK = 87.5766958333333 CUP
Example: convert 15 MMK to CUP:
15 MMK = 15 × 87.5766958333333 CUP = 1313.6504375 CUP
Myanma Kyat to Cuban Peso Conversion Table
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Myanma Kyat
The Myanma Kyat (MMK) is the official currency of Myanmar, used for all monetary transactions within the country.
History/Origin
The Kyat was introduced in 1952, replacing the Indian Rupee, and has undergone several reforms and redenominations over the years to stabilize Myanmar's economy.
Current Use
Today, the Kyat is the primary currency in Myanmar, used in everyday transactions, banking, and financial markets, with banknotes and coins issued by the Central Bank of Myanmar.
Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.