Pound Sterling to Cuban convertible peso

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the official currency of Great Britain also used in the British Crown dependencies of Man, Jersey and Guernsey. Also in circulation on the Island of St. Helena, the Island of Ascension, Tristan da Cugna Island, the Falklands and in Gibraltar.

One pound is subdivided into one hundred pence. The abbreviation UKL - United Kingdom Libra is also sometimes used. The name derives from antique silver coins. However, there are other versions of the origin of the concept of "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.