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The Cuban Peso (CUP) is the official currency of Cuba, primarily used for everyday transactions within the country. It is distinct from the Cuban Convertible Peso (CUC), which was previously used for tourism and foreign transactions, and serves to regulate the local economy and control inflation.
The Armenian Dram (AMD) is the official currency of Armenia, established in 1993 after the country gained independence from the Soviet Union. The currency is subdivided into 100 luma and is issued by the Central Bank of Armenia, playing a crucial role in the country's economy by facilitating domestic and international trade.