Egyptian Pound to Cuban convertible peso

The Egyptian pound (sign LE, code EGP) is the currency of Egypt. It can also be referred to as the livre or guinea as in outdated terms. The Egyptian pound can be subdivided into 100 small coins named piastres.

The currency has been introduced into circulation in 1885. The design of notes and coins was reconsidered several times, the currency’s level of protection has increased. Almost every banknote of the Egyptian pound features key mosques of the country. It serves as a reminder that Egypt is a Muslim state.

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.