Convert Jersey Pound to Cuban Convertible Peso
Please provide values below to convert Jersey Pound [JEP] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Jersey Pound.
How to Convert Jersey Pound to Cuban Convertible Peso
1 JEP = 0.7403 CUC
Example: convert 15 JEP to CUC:
15 JEP = 15 × 0.7403 CUC = 11.1045 CUC
Jersey Pound to Cuban Convertible Peso Conversion Table
| Jersey Pound | Cuban Convertible Peso |
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Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.