Convert Cuban Peso to Armenian Dram
Please provide values below to convert Cuban Peso [CUP] to Armenian Dram [AMD], or Convert Armenian Dram to Cuban Peso.
How to Convert Cuban Peso to Armenian Dram
1 CUP = 0.0624913748883618 AMD
Example: convert 15 CUP to AMD:
15 CUP = 15 × 0.0624913748883618 AMD = 0.937370623325426 AMD
Cuban Peso to Armenian Dram Conversion Table
| Cuban Peso | Armenian Dram |
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Cuban Peso
The Cuban Peso (CUP) is the official currency of Cuba, used for everyday transactions within the country.
History/Origin
The Cuban Peso has been the official currency of Cuba since 1960, replacing the Cuban peso convertible (CUC) as the primary currency after the monetary reforms. It has undergone various changes in value and design over the years, reflecting Cuba's economic policies and relations.
Current Use
Today, the Cuban Peso is used mainly for domestic transactions, while the CUC is used for tourism and foreign trade. The CUP remains an essential part of Cuba's monetary system, with recent reforms aiming to unify the currency system.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.