Convert Qatari Rial to Cuban Peso
Please provide values below to convert Qatari Rial [QAR] to Cuban Peso [CUP], or Convert Cuban Peso to Qatari Rial.
How to Convert Qatari Rial to Cuban Peso
1 QAR = 0.151666666666667 CUP
Example: convert 15 QAR to CUP:
15 QAR = 15 × 0.151666666666667 CUP = 2.275 CUP
Qatari Rial to Cuban Peso Conversion Table
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.