Russian Ruble to Cuban convertible peso

The Russian ruble (symbol ₽, code: RUB, number 643) is the national currency of the Russian Federation, which has replaced the Soviet ruble. The name is in use since the 13th century. The ruble is the second oldest state currency in the world after the British pound.

Due to the denomination of 1998 the ruble has lost its value and was exchanged at a rate of 1000old rubles for 1 one new, banknotes have obtained new features of protection. One ruble divides into 100 kopeks. The banknotes depict cultural and historical monuments, the cities of Russia.

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.