Convert Cuban Peso to Moldovan Leu
Please provide values below to convert Cuban Peso [CUP] to Moldovan Leu [MDL], or Convert Moldovan Leu to Cuban Peso.
How to Convert Cuban Peso to Moldovan Leu
1 CUP = 1.41605451809895 MDL
Example: convert 15 CUP to MDL:
15 CUP = 15 × 1.41605451809895 MDL = 21.2408177714842 MDL
Cuban Peso to Moldovan Leu Conversion Table
| Cuban Peso | Moldovan Leu |
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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.
Moldovan Leu
The Moldovan Leu (MDL) is the official currency of Moldova, used for all monetary transactions within the country.
History/Origin
The Moldovan Leu was introduced in 1993, replacing the Soviet ruble, following Moldova's independence. It has undergone various redenominations and reforms to stabilize the economy.
Current Use
The Moldovan Leu is actively used as the national currency for everyday transactions, banking, and trade in Moldova. It is issued and regulated by the National Bank of Moldova.