Convert Cuban Peso to Argentine Peso
Please provide values below to convert Cuban Peso [CUP] to Argentine Peso [ARS], or Convert Argentine Peso to Cuban Peso.
How to Convert Cuban Peso to Argentine Peso
1 CUP = 0.0189548006981685 ARS
Example: convert 15 CUP to ARS:
15 CUP = 15 × 0.0189548006981685 ARS = 0.284322010472527 ARS
Cuban Peso to Argentine Peso Conversion Table
| Cuban Peso | Argentine Peso |
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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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.