East Caribbean Dollar to Cuban convertible peso

The Eastern Caribbean dollar (sign $, code XCD) is a currency circulating on the territory of 7 countries that are part of the Organization of Eastern Caribbean States. The currency is accepted in Antigua and Barbuda, Saint Lucia, and the Grenadines. The Eastern Caribbean dollar can be exchanged to cents.

One XCD equals 100 cents. The currency was introduced in 1965, taking the place of the outdated West Indies dollar. The Eastern Caribbean dollar has changed its look quite a lot. There were monarchs, outstanding politicians, cultural and art figures. In 2019, there were presented new notes made out of a polymer base. They were made in a vertical format.

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.