Convert Cuban Convertible Peso to São Tomé and Príncipe Dobra
Please provide values below to convert Cuban Convertible Peso [CUC] to São Tomé and Príncipe Dobra [STN], or Convert São Tomé and Príncipe Dobra to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to São Tomé And Príncipe Dobra
1 CUC = 0.0478851522508416 STN
Example: convert 15 CUC to STN:
15 CUC = 15 × 0.0478851522508416 STN = 0.718277283762624 STN
Cuban Convertible Peso to São Tomé And Príncipe Dobra Conversion Table
| Cuban Convertible Peso | São Tomé and Príncipe Dobra |
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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.
São Tomé And Príncipe Dobra
The São Tomé and Príncipe Dobra (STN) is the official currency of São Tomé and Príncipe, used for all monetary transactions within the country.
History/Origin
The Dobra was introduced in 1977, replacing the São Tomé and Príncipe escudo at par, and has undergone various redenominations and updates since its inception to stabilize the economy and modernize the currency system.
Current Use
Today, the Dobra remains the official currency, with banknotes and coins in circulation, and is used for everyday transactions, though it is subject to inflation and economic fluctuations.