Hong Kong Dollar to Cuban convertible peso

The Hong Kong dollar (symbol: HK$, codes: HKD and 344) is the official currency of Hong Kong since 1934. It is subdivided into 100 cents. Currently, there are several generations of banknotes with denominations ranging from 10 to 1000 dollars, all of them being legal tenders.

In Hong Kong, local money is referred to as "man”, derived from the English word “money” and this is explained by strong influence of American culture. Although cent coins physically exist, hou- one tenth of a dollar is a subunit for accounting.

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.