Convert Cuban Peso to Djiboutian Franc
Please provide values below to convert Cuban Peso [CUP] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to Cuban Peso.
How to Convert Cuban Peso to Djiboutian Franc
1 CUP = 0.135043129399452 DJF
Example: convert 15 CUP to DJF:
15 CUP = 15 × 0.135043129399452 DJF = 2.02564694099178 DJF
Cuban Peso to Djiboutian Franc Conversion Table
| Cuban Peso | Djiboutian Franc |
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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.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.