Cuban convertible peso to US Dollar — exchange rate

Country of Circulation: Cuba

Currency Code, Symbol: CUC, CUC$

Denominations of coins in circulation: 5¢, 10¢, 25¢, 50¢, $1

Denominations of banknotes in circulation: $1, $3, $5, $10, $20, $50, $100

History: The Cuban convertible peso ($) is one of the two currencies used in Cuba. For ease and conversion operations, people use the name CUC. The name has become a reason for an unofficial name of the currency.It is often called cuc. One peso can be exchanged for 100 centavos. The convertible peso was introduced in Cuba in 1994 to allow for an easier payment process for tourists and diplomats within the country. The introduction of the convertible peso as a second currency has led to an increase in fraud directed at foreign citizens. Since 2013, Cuba has started to gradually decrease the use of this currency, turning to the regular Cuban peso.Read More

Country of Circulation: United States, British Virgin Islands, Ecuador, Panama and others

Currency Code, Symbol: USD, $

Denominations of coins in circulation: 1¢, 5¢, 10¢, 25¢

Denominations of banknotes in circulation: $1, $2, $5, $10, $20, $50, $100

History: The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.Read More