CRC to CUC

CRC - Costa Rican Colón ()
CUC - Cuban Convertible Peso (CUC)
1 CRC1 CUC

Currency conversion rates from CRC to CUC

CRCCUC
1 CRC1 CUC
5 CRC5 CUC
10 CRC10 CUC
20 CRC20 CUC
50 CRC50 CUC
100 CRC100 CUC
250 CRC250 CUC
500 CRC500 CUC
1000 CRC1000 CUC
2000 CRC2000 CUC
5000 CRC5000 CUC
10000 CRC10000 CUC
CUCCRC
1 CUC1 CRC
5 CUC5 CRC
10 CUC10 CRC
20 CUC20 CRC
50 CUC50 CRC
100 CUC100 CRC
250 CUC250 CRC
500 CUC500 CRC
1000 CUC1000 CRC
2000 CUC2000 CRC
5000 CUC5000 CRC
10000 CUC10000 CRC

CRC - Costa Rican Colón ()

Costa Rican Colón

The Costa Rican Colon (CRC) is the currency of Costa Rica. The symbol for the Colon is ₡; the currency is subdivided into 100 centimos. Many places in Costa Rica accept the US Dollar unofficially. The name of the Colon is derived from the Spanish explorer Christopher Columbus (Cristobal Colon in Spanish).

The Costa Rican Colon is the currency in Costa Rica (CR, CRI). The symbol for CRC can be written C. The Costa Rican Colon is divided into 100 centimos. The exchange rate for the Costa Rican Colon was last updated on May 24, 2019 from Yahoo Finance. The CRC conversion factor has 5 significant digits.

Economy

  • Costa Rica’s main income is from agriculture, tourism, and electronics.
  • The service industry accounts for 68% of the country’s GDP.
  • The main industries are textiles, clothing, plastic products, food processing, fertilizer, microprocessors, construction material, and medical equipment.
  • Export products are coffee, bananas, sugar, seafood, medical equipment, ornamental plants, electronics, and pineapples.
  • Import products are consumer goods, petroleum, raw as well as construction materials, and capital equipment.
  • The unemployment rate is 7.8%.
  • GDP growth is currently ~-1%.

History

  • In 1896, the Costa Rican Peso was replaced by the Costa Rican Colon.
  • In 1897, new coins were issued.
  • Between 1917 and 1919, a subunit, the centavo, was introduced at 1/100 of a Colon. The country issued 5 centavos and 10 centavos in place of centimos. During that time 50 centavo coins were minted but never distributed.
  • From 1914 to 1938, the International Bank of Costa Rica issued and distributed 5, 10, 20, 50, and 100 Colones notes. In the same period the National Bank of Costa Rica became the official bank for issuing paper money; they printed notes from 1937 to 1949.
  • During the 1950s the Central Bank of Costa Rica started issuing banknotes.
  • In 1958, the Central Bank added 1,000 colon notes to the range.
  • In 2010, Costa Rican Colon notes were replaced by a new issue.

More information about CRC - Costa Rican Colón ()


CUC - Cuban Convertible Peso (CUC$)

Cuban Convertible Peso

The Cuban Convertible Peso (CUC) is one of two currencies used in Cuba. The other currency is simply called the Cuban Peso and has been in limited use since 1994. Retail stores and other businesses mainly use the Cuban Convertible Peso. The Convertible Peso can only be exchanged in Cuba itself. It is pegged to the US Dollar at par. The Convertible Peso is rated as the strongest Peso currency, as well as the 10th highest currency worldwide.

The Cuban Convertible Peso is the currency in Cuba (CU, CUB). The exchange rate for the Cuban Convertible Peso was last updated on Today from The International Monetary Fund. The CUC conversion factor has 6 significant digits.

Economy

  • Cuba’s economy is run by the state and seen as a planned economy.
  • The majority of the labor force works for the government. The unemployment rate is 1.7%.
  • Services account for 74% of the total GDP.
  • Top industries are tobacco, petroleum, steel, cement, pharmaceuticals, construction, nickel, agricultural machines, and sugar.
  • Export products are tobacco, shellfish, coffee, citrus, and medical products.
  • Import products are chemicals, equipment and machinery, food, and petroleum.
  • Cuba recently started attracting world-class pharmaceutical and biotechnology industries.
  • 80% of Cuba’s food is imported.
  • Tourism is growing rapidly, however the retail sector in Cuba is poorly run.
  • The Netherlands is the largest importer of Cuban products.

History

  • In 1994, the Cuban Convertible Peso was introduced alongside the existing Cuban Peso.
  • Until 2004, Cuba used the Peso (CUP) for non-luxury items and staples; the Convertible Peso and the US Dollar were used mainly in the tourism trade and for luxury items.
  • In 2004, the USD was take off the market due to sanctions. A 10% tax was charged for converting USDs to convertible pesos. This tax does not apply to any other currency.
  • In 2011, Cuba pegged the Convertible Peso to the USD at par.

More information about CUC - Cuban Convertible Peso (CUC$)