Convert Cuban Convertible Peso to Israeli New Sheqel
Please provide values below to convert Cuban Convertible Peso [CUC] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Israeli New Sheqel
1 CUC = 0.298953662182362 ILS
Example: convert 15 CUC to ILS:
15 CUC = 15 × 0.298953662182362 ILS = 4.48430493273543 ILS
Cuban Convertible Peso to Israeli New Sheqel Conversion Table
| Cuban Convertible Peso | Israeli New Sheqel |
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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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.