Cuban convertible peso to Malaysian Ringgit

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 Malaysian ringgit (symbol: RM, codes: MYR and 458) is the official currency of Malaysia. One ringgit is subdivided into 100 sens (cents). The name of the currency is translated from Malay as "jagged.

" The banknotes depict the first head of the independent Malaysia King Tuanku Abdul Rahman. The contemporary currency replaced the Malaysian dollar, which was in use from 1967 through 1976. The currency shows low inflation - 1.1% as of autumn 2019. Until 1973 Brunei and Singaporean money were accepted in the country.