Convert Maldivian Rufiyaa to Cuban Peso
Please provide values below to convert Maldivian Rufiyaa [MVR] to Cuban Peso [CUP], or Convert Cuban Peso to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Cuban Peso
1 MVR = 0.643258333333333 CUP
Example: convert 15 MVR to CUP:
15 MVR = 15 × 0.643258333333333 CUP = 9.648875 CUP
Maldivian Rufiyaa to Cuban Peso Conversion Table
| Maldivian Rufiyaa | Cuban 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 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.