Cuban convertible peso to Angolan Kwanza

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.

The Angolan kwanza (sign Kz, code AOA) is issued only in one country – Angola. Since 1999, one Angolan kwanza equals 100 centimos, but it was previously subdivided into lwei. The currency itself has been issued in 1977 replacing the old Angolan escudo.

A monetary reform restricted the exchange of escudo to new notes. The government turned a part of old units into debt obligations to the population. Now, the Angolan kwanza is printed at the Russian enterprise Goznak.