Convert Kuwaiti Dinar to Cuban Peso
Please provide values below to convert Kuwaiti Dinar [KWD] to Cuban Peso [CUP], or Convert Cuban Peso to Kuwaiti Dinar.
How to Convert Kuwaiti Dinar to Cuban Peso
1 KWD = 0.012725 CUP
Example: convert 15 KWD to CUP:
15 KWD = 15 × 0.012725 CUP = 0.190875 CUP
Kuwaiti Dinar to Cuban Peso Conversion Table
| Kuwaiti Dinar | Cuban Peso |
|---|
Kuwaiti Dinar
The Kuwaiti Dinar (KWD) is the official currency of Kuwait, used as the country's legal tender for all transactions.
History/Origin
The Kuwaiti Dinar was introduced in 1960, replacing the Gulf rupee at par. It was initially pegged to the British pound and later to the US dollar, maintaining a stable and strong currency due to Kuwait's oil wealth.
Current Use
Today, the Kuwaiti Dinar remains one of the highest-valued currencies globally, widely used within Kuwait for all financial transactions and recognized for its stability and strength in international markets.
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.