Convert Nigerian Naira to Cuban Convertible Peso
Please provide values below to convert Nigerian Naira [NGN] to Cuban Convertible Peso [CUC], or Convert Cuban Convertible Peso to Nigerian Naira.
How to Convert Nigerian Naira to Cuban Convertible Peso
1 NGN = 1530.7029 CUC
Example: convert 15 NGN to CUC:
15 NGN = 15 × 1530.7029 CUC = 22960.5435 CUC
Nigerian Naira to Cuban Convertible Peso Conversion Table
| Nigerian Naira | Cuban Convertible Peso |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
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.