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The Cuban peso (in Spanish peso cubano, ISO 4217 code: CUP) also known as moneda nacional, is the official currency of Cuba.. The Cuban peso historically circulated at par with the Spanish-American silver dollar from the 16th to 19th centuries, and then at par with the U.S. dollar from 1881 to 1959.
The Cuban peso was trading on the informal market at an all-time low of 230 to the dollar on Wednesday, slumping to half its value a year ago as consumers struggle with surging inflation and ...
Government efforts to lower subsidies to unprofitable enterprises and to shrink the money supply caused the semi-official exchange rate for the Cuban peso to move from a peak of 120 to the dollar in the summer of 1994 to 21 to the dollar by year-end 1999. The drop in GDP halted in 1994 when Cuba reported 0.7% growth, followed by increases of 2. ...
Barbadian dollar: BBD: Central Bank of Barbados: 2.00 BBD = 1.00 USD Caribbean Netherlands: United States dollar: USD: De Nederlandsche Bank (monetary authority) Federal Reserve Bank (U.S. dollar) float Cayman Islands: Cayman Islands dollar: KYD: Cayman Islands Monetary Authority: 1.00 KYD = 1.20 USD Cuba: Cuban peso: CUP: Central Bank of Cuba ...
This is a list of circulating fixed exchange rate currencies, ... Cook Islands dollar: New Zealand dollar: 1 Cuban peso: U.S. dollar: 24 Danish krone: Euro: 7.46038
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In 1999 turned Cuban into a billionaire. He admits that some of this cash influx was spent on a private jet. However, this lack of spending restraint also enabled him to deliver seven-figure ...
After the success of the stabilization program enacted in 1993, Cuba's budget deficit decreased to 1 billion pesos in 1994, 480 million pesos in 1995, and 36 million pesos in 1996. [ 20 ] In 1994, there was as 7.6% growth in the manufacturing sector and a 4.4% growth in the electricity sector. [ 20 ]