Convert Cuban Convertible Peso to Algerian Dinar
Please provide values below to convert Cuban Convertible Peso [CUC] to Algerian Dinar [DZD], or Convert Algerian Dinar to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Algerian Dinar
1 CUC = 0.0076922544382385 DZD
Example: convert 15 CUC to DZD:
15 CUC = 15 × 0.0076922544382385 DZD = 0.115383816573578 DZD
Cuban Convertible Peso to Algerian Dinar Conversion Table
| Cuban Convertible Peso | Algerian Dinar |
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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.
Algerian Dinar
The Algerian Dinar (DZD) is the official currency of Algeria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Algerian Dinar was introduced in 1964, replacing the Algerian franc after independence, and has undergone several reforms to stabilize the economy and control inflation.
Current Use
Today, the Dinar remains the official currency of Algeria, used in all financial transactions, banking, and commerce across the country.