Convert Cuban Convertible Peso to Eritrean Nakfa
Please provide values below to convert Cuban Convertible Peso [CUC] to Eritrean Nakfa [ERN], or Convert Eritrean Nakfa to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Eritrean Nakfa
1 CUC = 0.0666666666666667 ERN
Example: convert 15 CUC to ERN:
15 CUC = 15 × 0.0666666666666667 ERN = 1 ERN
Cuban Convertible Peso to Eritrean Nakfa Conversion Table
| Cuban Convertible Peso | Eritrean Nakfa |
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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.
Eritrean Nakfa
The Eritrean Nakfa (ERN) is the official currency of Eritrea, used for all monetary transactions within the country.
History/Origin
The Nakfa was introduced in 1997, replacing the Ethiopian Birr as Eritrea's national currency, to establish economic independence and stabilize the economy after independence in 1993.
Current Use
The ERN is actively used as the primary currency in Eritrea for everyday transactions, banking, and trade, with its value regulated by the country's central bank.