CUC to GYD
Currency conversion rates from CUC to GYD
|1 CUC||1 GYD|
|5 CUC||5 GYD|
|10 CUC||10 GYD|
|20 CUC||20 GYD|
|50 CUC||50 GYD|
|100 CUC||100 GYD|
|250 CUC||250 GYD|
|500 CUC||500 GYD|
|1000 CUC||1000 GYD|
|2000 CUC||2000 GYD|
|5000 CUC||5000 GYD|
|10000 CUC||10000 GYD|
|1 GYD||1 CUC|
|5 GYD||5 CUC|
|10 GYD||10 CUC|
|20 GYD||20 CUC|
|50 GYD||50 CUC|
|100 GYD||100 CUC|
|250 GYD||250 CUC|
|500 GYD||500 CUC|
|1000 GYD||1000 CUC|
|2000 GYD||2000 CUC|
|5000 GYD||5000 CUC|
|10000 GYD||10000 CUC|
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.
- 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.
- 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.
GYD - Guyanaese Dollar (GYD)
The Guyanese Dollar is the official currency of Guyana, a sovereign state on the northern coast of South America. It is culturally identified with the English-speaking islands of the Caribbean because it was one of the territories, known as British Guiana, of the British West Indies.
The Guyanese Dollar is the currency in Guyana (GY, GUY). The symbol for GYD can be written G$. The Guyanese Dollar is divided into 100 cents. The exchange rate for the Guyanese Dollar was last updated on May 24, 2019 from Yahoo Finance. The GYD conversion factor has 5 significant digits.
- The main economic activities in Guyana are agriculture (rice and Demerara sugar), bauxite mining, gold mining, timber, and shrimp fishing.
- Chronic problems include a shortage of skilled workers and poor infrastructure.
- The government has juggled a considerable debt and the urgent need to expand public investment, and its fiscal position traditionally erodes when agricultural and mineral commodity prices are low. The country overhauled its tax code in early 2007 with a Value Added Tax (VAT) that is expected to add significant funds for public spending.
- The Guyanese economy has shown moderate economic growth since 1999, thanks to the expansion in the agricultural and mining sectors, a more favorable environment for entrepreneurship, a more realistic exchange rate, low inflation, and the continued support of international organizations.
- Economic growth has slowed as a result of the world recession, but GDP real growth rate continues to be over 3%, according to the CIA World Fact Book.
- In the 1800s, like other British West Indies territories, British Guiana used regular British coins, along with 2 and 4 pennies.
- The Guyanan Dollar shares the history of currency with other territories in the British West Indies, with a few exceptions: British Guiana continued to use the four-pence coin mill when other territories abandoned it, and used Dollar accounts in public and private sectors exclusively from 1839 (whereas other territories used a mix of accounts in Dollars and the British Pound until 1951).
- Between 1891 and 1916, four-cent coins were issued specifically for "British Guiana and the West Indies," and between 1917 and 1945 for "British Guiana".
- In 1916, paper money was first issued by the Government of British Guiana, in denominations of 1, 2, 5, 20 and 100 dollars.
- Guyana gained independence from United Kingdom on May 26, 1966, and became a republic on February 23, 1970.
- Banknotes were introduced in 1966 in denominations of 1, 5, 10 and 20 Guyanese Dollars. A second series was issued between 1989 and 1992 in denominations of $20, 100 and 500. The 1996-1999 series added a $1,000 bill. New $100 and $1,000 bills were issued in 2005 with added safety features.