1 CUC to BMD Bermudian Dollar

1 CUC to BMD Bermudian Dollar
Cuba Convertible Peso , The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the … >>> Find out more from wikipedia. category >>> CUC

1 Cuban Convertible Peso ( CUC ) = 1 Bermudian Dollar (BMD)

1 CUC = 1 BMD

1 BMD = 1 CUC

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1 Cuban Convertible Peso ( CUC ) Is equal to 1 Bermudian Dollar (BMD)
Cuba Convertible Peso
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Cuban Convertible Peso

Cuba Convertible Peso , The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) was one of two official currencies in Cuba, the other being the Cuban peso. It had been in limited use since 1994, when its value was pegged 1:1 to the United States dollar. On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets and left the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to US$1.08 in April 2005, but reverted to US$1.00 on 15 March 2011. The convertible peso was, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest-valued "peso" unit. On 22 October 2013, it was announced that the currency was to be scrapped. On 10 December 2020, it was announced that monetary unification would take effect from 1 January 2021. From that date, the CUC was no longer accepted in many Cuban businesses; it could only be exchanged in banks or CADECAs (casas de cambios), or used in certain shops, for a six-month period. On 15 June 2021, it was announced that the CUC would remain exchangeable in banks for a further six months but that no shops would accept them from 1 July.The final date for exchanging CUCs was 30 December 2021. Find out more from wikipedia

Bermudian Dollar

The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis. For nearly four hundred years Spanish dollars, known as "pieces of eight" were in widespread use on the world's trading routes, including the Caribbean region. However, following the revolutionary wars in Latin America, the source of these silver trade coins, dried up. The United Kingdom had adopted a very successful gold standard in 1821, and so the year 1825 was an opportune time to introduce the British sterling coinage into all the British colonies. An imperial Order in Council was passed in that year for the purposes of facilitating this aim by making sterling coinage legal tender in the colonies at the specified rate of 1 Spanish dollar to 4 shillings, 4 pence sterling. As the sterling silver coins were attached to a gold standard, this exchange rate did not realistically represent the value of the silver in the Spanish dollars as compared to the value of the gold in the British gold sovereign. Because of this, the conversion had the opposite effect in many colonies, and actually drove sterling coinage out of circulation, rather than encouraged its use. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. However, in Jamaica, British Honduras, Bermuda, and later in the Bahamas also, the official rating was set aside in favour of what was known as the 'Maccaroni' tradition in which a British shilling, referred to as a 'Maccaroni', was treated as one quarter of a dollar. The common link between these four territories was the Bank of Nova Scotia which brought in the 'Maccaroni' tradition, resulting in the successful introduction of both sterling coinage and sterling accounts. It wasn't however until 1 January 1842 that the authorities in Bermuda formally decided to make sterling the official currency of the colony to circulate concurrently with Doubloons (64 shillings) at the rate of $1 = 4s 2d. Contrary to expectations, and unlike in the Bahamas where US dollars circulated concurrently with sterling, the Bermudans did not allow themselves to be drawn into the U. S. currency area. The Spanish dollars fell away in the 1850s but returned again in the 1870s following the international silver crisis of 1873. In 1874, the Bermuda merchants agreed unanimously to decline to accept the heavy imports of US currency except at a heavy discount, and it was then exported again. And in 1876, legislation was passed to demonetise the silver dollars for fear of them returning. In 1882, the local 'legal tender act' demonetised the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, shillings, and pence as the sole legal tender. The pound sterling remained the official currency of Bermuda until 1970, though the Government of Bermuda did issue its own pound banknotes. With US and Canadian coins regularly appearing in circulation in Bermuda and the possibility of the devaluation of the pound sterling, Bermuda was compelled to adopt its own decimal currency. On 6 February 1970, Bermuda introduced a new decimal currency in the form of a dollar. The nascent Bermudian dollars circulated in conjunction with the new British decimal coinage a year before it was introduced in the United Kingdom. By adopting decimalisation early, Bermuda was also able to place orders for the coinage from the Royal Mint before other Commonwealth countries seeking to decimalise could. The link between the Bermudian dollar and the pound sterling was not broken until 31 July 1972, which allowed Bermuda to align to a one-to-one exchange rate with that of the United States. The decision for Bermuda to peg its dollar to the US dollar added convenience for the multitude of American tourists and businesses upon whom Bermuda largely relied. Since 1972, Bermudian law has required that local businesses charge prices in Bermudian dollars which, if paid in US dollars, must be accepted at a rate of 1:1. Only banks are legally allowed to exchange Bermudian dollars into US dollars or other currencies, subject to a 1% Foreign Currency Purchase Tax (some banks also charge an exchange fee).
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5 CUC	=	5 BMD
10 CUC	=	10 BMD
15 CUC	=	15 BMD
20 CUC	=	20 BMD
25 CUC	=	25 BMD
30 CUC	=	30 BMD
35 CUC	=	35 BMD
40 CUC	=	40 BMD
45 CUC	=	45 BMD
50 CUC	=	50 BMD
55 CUC	=	55 BMD
60 CUC	=	60 BMD
65 CUC	=	65 BMD
70 CUC	=	70 BMD
75 CUC	=	75 BMD
80 CUC	=	80 BMD
85 CUC	=	85 BMD
90 CUC	=	90 BMD
95 CUC	=	95 BMD
100 CUC	=	100 BMD
105 CUC	=	105 BMD
110 CUC	=	110 BMD
115 CUC	=	115 BMD
120 CUC	=	120 BMD
125 CUC	=	125 BMD
130 CUC	=	130 BMD
135 CUC	=	135 BMD
140 CUC	=	140 BMD
145 CUC	=	145 BMD
150 CUC	=	150 BMD
155 CUC	=	155 BMD
160 CUC	=	160 BMD
165 CUC	=	165 BMD
170 CUC	=	170 BMD
175 CUC	=	175 BMD
180 CUC	=	180 BMD
185 CUC	=	185 BMD
190 CUC	=	190 BMD
195 CUC	=	195 BMD
200 CUC	=	200 BMD
205 CUC	=	205 BMD
210 CUC	=	210 BMD
215 CUC	=	215 BMD
220 CUC	=	220 BMD
225 CUC	=	225 BMD
230 CUC	=	230 BMD
235 CUC	=	235 BMD
240 CUC	=	240 BMD
245 CUC	=	245 BMD
250 CUC	=	250 BMD
255 CUC	=	255 BMD
260 CUC	=	260 BMD
265 CUC	=	265 BMD
270 CUC	=	270 BMD
275 CUC	=	275 BMD
280 CUC	=	280 BMD
285 CUC	=	285 BMD
290 CUC	=	290 BMD
295 CUC	=	295 BMD
300 CUC	=	300 BMD
305 CUC	=	305 BMD
310 CUC	=	310 BMD
315 CUC	=	315 BMD
320 CUC	=	320 BMD
325 CUC	=	325 BMD
330 CUC	=	330 BMD
335 CUC	=	335 BMD
340 CUC	=	340 BMD
345 CUC	=	345 BMD
350 CUC	=	350 BMD
355 CUC	=	355 BMD
360 CUC	=	360 BMD
365 CUC	=	365 BMD
370 CUC	=	370 BMD
375 CUC	=	375 BMD
380 CUC	=	380 BMD
385 CUC	=	385 BMD
390 CUC	=	390 BMD
395 CUC	=	395 BMD
400 CUC	=	400 BMD
405 CUC	=	405 BMD
410 CUC	=	410 BMD
415 CUC	=	415 BMD
420 CUC	=	420 BMD
425 CUC	=	425 BMD
430 CUC	=	430 BMD
435 CUC	=	435 BMD
440 CUC	=	440 BMD
445 CUC	=	445 BMD
450 CUC	=	450 BMD
455 CUC	=	455 BMD
460 CUC	=	460 BMD
465 CUC	=	465 BMD
470 CUC	=	470 BMD
475 CUC	=	475 BMD
480 CUC	=	480 BMD
485 CUC	=	485 BMD
490 CUC	=	490 BMD
495 CUC	=	495 BMD
500 CUC	=	500 BMD


5 BMD	=	5 CUC
10 BMD	=	10 CUC
15 BMD	=	15 CUC
20 BMD	=	20 CUC
25 BMD	=	25 CUC
30 BMD	=	30 CUC
35 BMD	=	35 CUC
40 BMD	=	40 CUC
45 BMD	=	45 CUC
50 BMD	=	50 CUC
55 BMD	=	55 CUC
60 BMD	=	60 CUC
65 BMD	=	65 CUC
70 BMD	=	70 CUC
75 BMD	=	75 CUC
80 BMD	=	80 CUC
85 BMD	=	85 CUC
90 BMD	=	90 CUC
95 BMD	=	95 CUC
100 BMD	=	100 CUC
105 BMD	=	105 CUC
110 BMD	=	110 CUC
115 BMD	=	115 CUC
120 BMD	=	120 CUC
125 BMD	=	125 CUC
130 BMD	=	130 CUC
135 BMD	=	135 CUC
140 BMD	=	140 CUC
145 BMD	=	145 CUC
150 BMD	=	150 CUC
155 BMD	=	155 CUC
160 BMD	=	160 CUC
165 BMD	=	165 CUC
170 BMD	=	170 CUC
175 BMD	=	175 CUC
180 BMD	=	180 CUC
185 BMD	=	185 CUC
190 BMD	=	190 CUC
195 BMD	=	195 CUC
200 BMD	=	200 CUC
205 BMD	=	205 CUC
210 BMD	=	210 CUC
215 BMD	=	215 CUC
220 BMD	=	220 CUC
225 BMD	=	225 CUC
230 BMD	=	230 CUC
235 BMD	=	235 CUC
240 BMD	=	240 CUC
245 BMD	=	245 CUC
250 BMD	=	250 CUC
255 BMD	=	255 CUC
260 BMD	=	260 CUC
265 BMD	=	265 CUC
270 BMD	=	270 CUC
275 BMD	=	275 CUC
280 BMD	=	280 CUC
285 BMD	=	285 CUC
290 BMD	=	290 CUC
295 BMD	=	295 CUC
300 BMD	=	300 CUC
305 BMD	=	305 CUC
310 BMD	=	310 CUC
315 BMD	=	315 CUC
320 BMD	=	320 CUC
325 BMD	=	325 CUC
330 BMD	=	330 CUC
335 BMD	=	335 CUC
340 BMD	=	340 CUC
345 BMD	=	345 CUC
350 BMD	=	350 CUC
355 BMD	=	355 CUC
360 BMD	=	360 CUC
365 BMD	=	365 CUC
370 BMD	=	370 CUC
375 BMD	=	375 CUC
380 BMD	=	380 CUC
385 BMD	=	385 CUC
390 BMD	=	390 CUC
395 BMD	=	395 CUC
400 BMD	=	400 CUC
405 BMD	=	405 CUC
410 BMD	=	410 CUC
415 BMD	=	415 CUC
420 BMD	=	420 CUC
425 BMD	=	425 CUC
430 BMD	=	430 CUC
435 BMD	=	435 CUC
440 BMD	=	440 CUC
445 BMD	=	445 CUC
450 BMD	=	450 CUC
455 BMD	=	455 CUC
460 BMD	=	460 CUC
465 BMD	=	465 CUC
470 BMD	=	470 CUC
475 BMD	=	475 CUC
480 BMD	=	480 CUC
485 BMD	=	485 CUC
490 BMD	=	490 CUC
495 BMD	=	495 CUC
500 BMD	=	500 CUC

1 CUC to BMD Bermudian Dollar