Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

The Cuban Convertible Peso, CUC, or “chavitos” as they are called locally became effective this Monday substituting the widely circulated U.S. dollar, with the Central Bank stating that ...

Cuba has two currencies: the Cuban convertible peso (CUC), equivalent to 1.08 U.S. dollars, and the national peso (CUP), valued only 1/24 of the CUC, or 4 US cents. The Economy Ministry said ...

This Thursday morning commenced with notable fluctuations in the informal exchange rates of two out of the three key ...

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

There are two currencies in Cuba, the national peso and the Cuban convertible peso. Currently, $1 U.S. dollar equates to about $1 convertible Cuban peso or $26.5 national pesos. The Easiest Way to ...

The Cuban Peso (CUP) and the Convertible Cuban Peso (CUC) are both legal tender on the island, though neither are convertible in the foreign exchange markets. CUC is pegged to the dollar and most ...

In recent hours, the Freely Convertible Currency (MLC) has taken a noticeable dip, falling from 270 to 265 CUP in the Cuban informal market. This decline of five pesos within just 24 hours marks a ...