Search results
Results from the WOW.Com Content Network
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.
In 1981–1989, Cuba used so-called INTUR coins and cheques. Convertible foreign currency was exchanged into these cheques rather than the national currency, which could be used to buy some luxury goods not available for purchase in the national currency. Also, from 1985, Banco Nacional de Cuba issued foreign exchange certificates of various types.
Cuba legalized the use of the US dollar and created a dual currency system, one based on the dollar and the Cuban convertible peso with the other system based on the Cuban peso. Different institutions and businesses operated on only one side of the currency divide. The Cuban peso, used mostly by Cuban nationals, could not buy imported goods. [1]
National currency: Cuban peso: The Cuban peso is the only currency used in Cuba effective November 2020. Previously there were two currencies, the other being convertible peso. State workers generally receive their wages in Cuban pesos (CUP).
(Bloomberg Opinion) -- Cuba wants you. Really. In July the government waived health restrictions for incoming visitors, becoming one of the few countries to do so. No doctor’s affidavits, no lab ...
Cuba: Cuban peso: CUP Central Bank of Cuba: 24.00 CUP = 1.00 USD Sint Maarten: Netherlands Antillean guilder [1] ANG Central Bank of Curaçao and Sint Maarten: 1.79 ANG = 1.00 USD Curaçao Dominican Republic: Dominican peso: DOP Banco Central de la República Dominicana: float Guadeloupe: Euro: EUR European Central Bank: float Martinique Saint ...
Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked to its dependence on food, fuel and inputs for agriculture and manufacture from ...
The implications for Cuba are clear. With tourism now the island’s principal economic motor, and the main source of foreign currency earnings after remittances, that an important tour operator ...