Falkland Island Pound to Cuban convertible peso

The Falkland Islands pound (sign FK£, code FKP) is the national currency of a sovereign territory of Great Britain. It is used along with the pound sterling. Originally, FKP was subdivided into 20 shillings, and later into 100 pence.

Today, every FKP can be subdivided into 100 pence. Coins are also called pennies as a term of endearment. The currency appeared in 1899. Since then, the design of coins and banknotes has gone through several changes. At the moment, the rate of the Falkland Islands pound is tightly connected to fluctuations of the pound sterling.

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.