Convert Cuban Convertible Peso to Egyptian Pound
Please provide values below to convert Cuban Convertible Peso [CUC] to Egyptian Pound [EGP], or Convert Egyptian Pound to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Egyptian Pound
1 CUC = 0.0203775553454403 EGP
Example: convert 15 CUC to EGP:
15 CUC = 15 × 0.0203775553454403 EGP = 0.305663330181605 EGP
Cuban Convertible Peso to Egyptian Pound Conversion Table
| Cuban Convertible Peso | Egyptian Pound |
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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.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.