Convert Cuban Convertible Peso to Turkish Lira
Please provide values below to convert Cuban Convertible Peso [CUC] to Turkish Lira [TRY], or Convert Turkish Lira to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Turkish Lira
1 CUC = 0.0247275640629366 TRY
Example: convert 15 CUC to TRY:
15 CUC = 15 × 0.0247275640629366 TRY = 0.370913460944049 TRY
Cuban Convertible Peso to Turkish Lira Conversion Table
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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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.