Presently, most Cubans are paid in the Cuban peso, or CUP, while the vast majority of goods on the island are available only with the hard currency convertible peso, or CUC. Convertible pesos are ...

and the convertible Cuban peso, known as the CUC, will be phased out completely by June, leaving the island with one currency for the first time in more than 20 years. The Cuban peso, known as the ...

Cuba has an awkward dual currency system, with the Cuban peso (CUP) generally used by the Cuban population and the convertible peso (CUC) used by tourists, foreign companies and some state ...

Currently, Cuba has two currencies: the Cuban peso, in which state wages are paid, and the CUC, the local hard currency. One CUC is equivalent to 25 Cuban pesos for the population, but the ...

The abolition of the CUC is meant to make the public ... government help for a year to delay mass lay-offs. Cuba will enter the single-currency era with an overvalued exchange rate.

A peculiarity of Cuba’s dual-currency system is that while the currency exchanges value the CUC at 25 CUP for individuals, the government has maintained an exchange rate of 1 to 1 for internal ...

Starting this month, the CUC is out. The Cuba government wants ... for regular Cuban pesos, which are now Cuba's sole currency. Like most Cubans, she'd seen the signs in Cuban shops warning ...

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Presently, most Cubans are paid in the Cuban peso, or CUP, while the vast majority of goods on the island are available only with the hard currency convertible peso, or CUC. Convertible pesos are ...