Convert Cuban Convertible Peso to Tanzanian Shilling
Please provide values below to convert Cuban Convertible Peso [CUC] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Tanzanian Shilling
1 CUC = 0.000389086709218227 TZS
Example: convert 15 CUC to TZS:
15 CUC = 15 × 0.000389086709218227 TZS = 0.0058363006382734 TZS
Cuban Convertible Peso to Tanzanian Shilling Conversion Table
| Cuban Convertible Peso | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.