Convert Cuban Convertible Peso to South Korean Won
Please provide values below to convert Cuban Convertible Peso [CUC] to South Korean Won [KRW], or Convert South Korean Won to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to South Korean Won
1 CUC = 0.000723290055513958 KRW
Example: convert 15 CUC to KRW:
15 CUC = 15 × 0.000723290055513958 KRW = 0.0108493508327094 KRW
Cuban Convertible Peso to South Korean Won Conversion Table
| Cuban Convertible Peso | South Korean Won |
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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.
South Korean Won
The South Korean Won (KRW) is the official currency of South Korea, used for all monetary transactions within the country.
History/Origin
The Won was first introduced in 1945, replacing the Korean yen. It has undergone several redenominations and reforms, with the current form established in 1962 to stabilize the economy after periods of inflation.
Current Use
Today, the South Korean Won is widely used in South Korea for everyday transactions, banking, and international trade, and is managed by the Bank of Korea.