Convert Cuban Peso to Bermudan Dollar
Please provide values below to convert Cuban Peso [CUP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Cuban Peso.
How to Convert Cuban Peso to Bermudan Dollar
1 CUP = 24 BMD
Example: convert 15 CUP to BMD:
15 CUP = 15 × 24 BMD = 360 BMD
Cuban Peso to Bermudan Dollar Conversion Table
| Cuban Peso | Bermudan Dollar |
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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.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.