Cuban convertible peso to Euro

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 euro (sign: €, code: EUR, number: 978) is the official currency of the Eurozone. Presently, the Eurozone comprises 19 EU states and several non-EU microstates and special territories, such as the Vatican or the Republic of Kosovo. The euro has replaced the former accounting currency European Currency Unit (ECU).

The non-cash form of the euro currency came into existence in 1999. Physical euro banknotes and coins entered into circulation in 2002. The European currency is second in international interbank turnover, succumbing only to the US dollar.