Convert Georgian Lari to Cuban Convertible Peso
Please provide values below to convert Georgian Lari [GEL] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Georgian Lari.
How to Convert Georgian Lari to Cuban Convertible Peso
1 GEL = 2.7094 CUC
Example: convert 15 GEL to CUC:
15 GEL = 15 × 2.7094 CUC = 40.641 CUC
Georgian Lari to Cuban Convertible Peso Conversion Table
| Georgian Lari | Cuban Convertible Peso |
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Georgian Lari
The Georgian Lari (GEL) is the official currency of Georgia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Georgian Lari was introduced in 1995, replacing the Georgian coupon as the country's official currency, to stabilize the economy and establish a national monetary system.
Current Use
The GEL is actively used in Georgia for all forms of financial transactions, including cash, banking, and electronic payments, and is managed by the National Bank of Georgia.
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.