Convert Maldivian Rufiyaa to Cuban Convertible Peso
Please provide values below to convert Maldivian Rufiyaa [MVR] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Cuban Convertible Peso
1 MVR = 15.4382 CUC
Example: convert 15 MVR to CUC:
15 MVR = 15 × 15.4382 CUC = 231.573 CUC
Maldivian Rufiyaa to Cuban Convertible Peso Conversion Table
| Maldivian Rufiyaa | Cuban Convertible Peso |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.