Convert Armenian Dram to Cuban Peso

Please provide values below to convert Armenian Dram [AMD] to Cuban Peso [CUP], or Convert Cuban Peso to Armenian Dram.

How to Convert Armenian Dram to Cuban Peso

1 AMD = 16.0022083333333 CUP

Example: convert 15 AMD to CUP:
15 AMD = 15 × 16.0022083333333 CUP = 240.033125 CUP

Armenian Dram to Cuban Peso Conversion Table

Armenian Dram	Cuban Peso

Armenian Dram

The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.

History/Origin

The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.

Current Use

The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.

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.

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