Cuban Peso (CUP)
Contents
Exploring the Cuban Peso (CUP) and Its Role in Cuba's Economy
Unveiling the Cuban Peso
Delve into the intricacies of the Cuban peso (CUP), the primary currency used in local commerce and daily transactions in Cuba. Learn about its history, value, and significance in the island nation's economic landscape.
Understanding the Cuban Peso
Discover the origins of the Cuban peso, its denominations, and its evolution over time. Explore its transition from being pegged to the U.S. dollar to its current status as the national currency issued by the Central Bank of Cuba.
Differentiating the Cuban Peso and the Convertible Peso
Explore the distinction between the Cuban peso (CUP) and the Cuban convertible peso (CUC), also known as the tourist dollar. Understand their respective roles, exchange rates, and usage in domestic and international transactions.
Economic Implications and International Relations
Learn about the economic implications of the U.S. embargo on Cuba, including restrictions on currency exchange and trade. Gain insights into the efforts to unify the two currencies and the challenges posed by geopolitical tensions.
The Future of Cuba's Currency System
Explore the prospects for the Cuban peso and the potential impact of future policy changes on the island's economy. Stay informed about developments in Cuba-U.S. relations and their implications for currency dynamics.