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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.
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.
El Paquete Semanal ("The Weekly Package") or El Paquete is a one terabyte collection of digital material distributed since around 2008 [1] on the underground market in Cuba as a substitute for broadband Internet. [2]
Tourism was regarded as the only stable sector of the Cuban economy and became the subject of policy changes to enhance its development. 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 ...
In Cuba between 1993 and 2004, a dollar store (Spanish: tienda de dólares), officially Tiendas de Recaudación de Divisas ("Foreign Currency Collection Shops") or Tiendas Recuperadoras de Divisas ("Foreign Currency Recovery Shops"), was a government-owned shop that sold goods solely in exchange for hard currency, originally mainly to foreigners and tourists, in the same way as a friendship ...
The dollar sign, also known as the peso sign, is a currency symbol consisting of a capital S crossed with one or two vertical strokes ($ or depending on typeface), used to indicate the unit of various currencies around the world, including most currencies denominated "dollar" or "peso".
Granma is the official newspaper of the Central Committee of the Communist Party of Cuba. It was formed in 1965 by the merger of two previous papers, Revolución (from Spanish: "Revolution") and Hoy ("Today"). [1] Publication of the newspaper began in February 1966. [2]
After the opening of the island to world trade in 1818, trade agreements began to replace Spanish commercial connections. In 1820 Thomas Jefferson thought Cuba is "the most interesting addition which could ever be made to our system of States" and told Secretary of War John C. Calhoun that the United States "ought, at the first possible opportunity, to take Cuba."