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Partial revival of economic confidence then stabilized the Cuban peso to 23-25 CUPs to the CUC or USD, leading to the eventual fixing of exchange rates to US$1 = CUC 1 = CUP 25, which was available to the public from 2004-2005 and then from 2011-2020 through Cadecas (Casas de Cambio, or Bureau de Change; an exchange rate of 1.08 USD/CUC applied ...
This is a list of circulating fixed exchange rate currencies, ... Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 ... Cuban peso: U.S ...
The Cuban peso (CUP) can be exchanged to the convertible peso (CUC) at exchange offices at a fixed rate. Since the early 2000s the rates have been 24 CUP to 1 CUC (sell) and 25 CUP to 1 CUC (buy); [1] but for state bookkeeping purposes, both pesos are valued at a 1:1 rate. [1]
The July balance sheet shows the company is repaying a long-term loan of 45 billion Cuban pesos, which is about $1.9 billion using the 24-pesos-per-dollar exchange rate.
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 ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.
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. ...