The Cuban Convertible Peso, CUC, or “chavitos” as they are called ... role in order to maintain an appropriate balance between currency in circulation and the supply of goods and services ...

The Cuban government has informed several foreign companies that they will be unable to repatriate the funds in their bank ...

and the Convertible Cuban Peso (CUC) are both legal tender on the island, though neither are convertible in the foreign exchange markets. CUC is pegged to the dollar and most goods are valued in that ...