Francisco Rodríguez Cruz, also known as Paquito de Cuba, has publicly denounced the public backlash against ETECSA's recent ...

If you’ve made a few financial missteps — or want to avoid big ones — these seven Mark Cuban money rules could help get you ...

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This includes eliminating the double currency system ... Cuba has two currencies: the Cuban convertible peso (CUC), equivalent to 1.08 U.S. dollars, and the national peso (CUP), valued only ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

Cuba took the first step towards scrapping its two-tier currency yesterday in a move that ... Cuba's convertible peso (CUC) is pegged to the US dollar, while the local peso (CUP) is valued at ...

That’s why, for example, the Cuban government finally eliminated the island’s dual-currency system earlier ... the so-called convertible peso (CUC) alongside its regular peso.

But the Cuban government phased out a third currency — the Cuban convertible peso, known as the CUC — earlier this year, leading to problems. The Cuban government created the CUC in 2004 for ...

including a currency reform that scrapped the so-called convertible peso (CUC), leaving the nonconvertible Cuban peso (CUP) as the only legal tender. As the freely convertible CUC has ceased to ...

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 ...

So Fidel Castro's government created a dual currency system: the Cuban peso, or CUP, for ordinary Cubans, and the convertible peso, or CUC, more or less on par with the U.S. dollar, for tourism ...