Bolivian boliviano to Cuban convertible peso

The boliviano (sign Bs, code BOB) is the national currency of the country located is South America – Bolivia. Small coins called centavo are used as change for the Bolivian boliviano. One boliviano has 100 centavos.

The currency has first been issued in the 18th century, and was used between 1864 and 1963. Later, the country used peso, but due to inflation in 1987, the government came back to BOB once again. The rate of the modern boliviano is connected to the American dollar. After the 80s hyperinflation, the population was still using the old notes as change. There have been special seals put on them to reduce denomination.

The Cuban convertible peso (sign $, code CUC) is one of the two currencies used in Cuba. The name has become a reason for an unofficial name of the currency. It is often called cuc.

One peso can be exchanged for 100 centavos. The convertible peso has first been introduced in Cuba in 1994 to allow for an easier payment process for tourists and diplomats within the country. The introduction of the convertible peso as a second currency has led to an increase in fraud directed at foreign citizens. Since 2013, Cuba has started to gradually decrease the use of this currency, turning to the regular Cuban peso.