Cuban Convertible Peso overview

The convertible peso (sometimes given as CUC$ and informally called a cuc or a chavito) is one of two official currencies in Cuba, the other being the Cuban peso. It has been in limited use since 1994, when its value was pegged 1:1 to the United States dollar. On 8 November 2004, the U.S. dollar ceased to be accepted in Cuban retail outlets and left the convertible peso as the only currency in circulation in many Cuban businesses. Officially exchangeable only within the country, its value was increased to US$1.08 in April 2005, but reverted to US$1.00 on 15 March 2011. The convertible peso is, by the pegged rate, the twelfth-highest-valued currency unit in the world and the highest-valued "peso" unit. On 22 October 2013, it was announced that the currency is to be scrapped, with it being gradually unified with the lower-value Cuban peso, though as of August 2018, that unification has not been achieved, nor has any target date been officially announced.

Cuban Convertible Peso to USD exchange rates chart

CUC to USD exchange rates chart

Cuban Convertible Peso exchange rates table

Exchange Cuban Convertible Peso Buy CUC Rate Sell CUC Rate
British Pound 1.214 0.824
Euro 1.121 0.892
Australian Dollar 0.676 1.479
Canadian Dollar 0.751 1.331
Japanese Yen 0.009 106.104
US Dollar 1.000 1.000

Cuban Convertible Peso FSQs

cuban convertible peso

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cuban convertible peso news

cuban convertible peso news,0,288,0%,82.67

Cuban Convertible Peso news tweets

Cuban Convertible Peso added 1 tweet
2019-07-30 05:18:14 UTC
The £ is up 24.72% against the Cuban Convertible Peso #r4today
Cuban Convertible Peso added 1 tweet
2019-08-14 02:38:53 UTC
Matawang yang digunakan disini adalah CUC (Cuban Convertible) dan CUP (Cuban Peso). Para pelancong boleh menggunaka…
Cuban Convertible Peso added 1 tweet
2019-08-18 08:56:47 UTC
8.  Convertible Pesos and Cuban Pesos Cuba's monetary system implies two currencies: one for tourists and the other…

Cuban Convertible Peso news media

Cuban Convertible Peso added 1 medium
The Ultimate Tourist experience in Cuba. Our tour guide Milena was phenomenal.
Cuban Convertible Peso added 1 medium
The ghost of Cuba past... Apparently I’m stuck with these Cuban monies know as CUC. None of the local currency exchanges will exchange them, but I’ve read online that sometimes it’s possible to find an interested party near by. Thought I’d start here, besides, this could make an excellent Christmas gift for the person who has everything. 😜Exchange of 1:1. DM if interested. Thanks. #cuba #cubanconvertiblepeso #thanksfortheliesroyalcaribbeancruiselines #idlikemymoneybackplease
Cuban Convertible Peso added 1 medium
2007 One Peso Cuba Value: 1.00 CUC Edge: Reeded Material: Nickel Plated Steel Design: Cuban Coat of Arms within Laurel wreath, Bridge over a river. #coin #coins #coincollector #coincollection #rarecoins #coincatalogue #Cuban #CUC #1peso #havana #cubancoatofarms #laurelwreath #cubanconvertiblepeso #bridge #river
Cuban Convertible Peso added 1 medium
CUBAN MONEY - Before 1857, Spanish and Spanish colonial reales circulated in Cuba. From 1857, banknotes were issued specifically for use on Cuba. These were denominated in pesos, with each peso worth 8 reales. From 1869, decimal notes were also issued denominated in centavos, with 100 centavos worth each peso. In 1881, the peso was pegged to the US dollar at par. The currency continued to be issued only in paper form until 1915, when the first coins were issued. In 1960, the peg to the dollar was replaced by one to the Soviet ruble ( at that time 1 US dollar was worth exactly 4 rubles ). The peso lost value by the United States embargo against Cuba and the suspension of the sugar quota. The suspension was the principal economic force driving Cuba to seek out a new economic partner, the Soviet Union. When the Soviet Union dissolved in 1991, the peso lost much of its value and the exchange rate fell to 125 pesos to the US dollar. Recently, it has become more valuable and fluctuated between 23 and 25 pesos to the US dollar. In 1993, during the period of economic austerity known as the Special Period, the US dollar was made legal tender to encourage hard currency to enter the economy. The US dollar became the currency used to purchase some non-essential goods and services, such as cosmetics, and even staple kinds of food and drink. In 1994, the convertible peso was introduced at a par with the dollar. On November 8, 2004, the Cuban government withdrew the US dollar from circulation, citing the need to retaliate against further US sanctions. #cubanmoney #cubanpesos #cubanconvertiblepeso

Cuban Convertible Peso news texts

Doing Business in a Post-Fidel Cuba

What multinationals need to know.

over 2 years conditional neutral
For Cuban Home Cooks, Ingenuity and Luck Are Key Ingredients

Even as the island’s fortunes rise, finding the makings of a good dinner is still a complicated pursuit.

over 2 years conditional positive
What to expect on your first trip to Cuba
What to expect on your first trip to Cuba

With the news this week that the US and Cuba will resume diplomatic relations for the first time in over 50 years, many will want to visit Cuba for the first time. It's important to note that while the US is indeed loosening travel restrictions to Cuba, it is not yet officially allowing tourism. In order to...

over 2 years conditional positive
Cuba’s state-run love motels make a comeback
Cuba’s state-run love motels make a comeback

Cuban authorities have made a move to reignite citizens’ sex lives by reintroducing a series of state-run pay-per-hour motels which they hope will “diversify the options for love”, the country’s official trade union weekly Trabajadores announced on Monday.

about 2 years conditional neutral
How 2 currencies affects Cuban business owners

The issue of two currencies continues to be a topic of conversation not just in Havana but throughout Cuba.

almost 2 years conditional negative
What to Expect from a Post-Castro Cuba
What to Expect from a Post-Castro Cuba

Cuba has a new leader, Miguel Diaz-Canel. But the Castro family remains at the epicenter of control over the key drivers of the country’s economy.

over 1 year conditional positive
Cubans sceptical of new president's promises

New president faces daunting challenge of modernising state-run economy to make it more rational and effective.

over 1 year conditional neutral
Cuba’s communist ice cream cathedral

This state-run ‘people’s park’ offers a for-pennies indulgence for the masses and serves an average of 30,000 customers a day – and up to 600 at any one time.

9 months indicative neutral

Cuban Convertible Peso currency converter

Cuban Convertible Peso exchange rates

10000 PLN to PHP
Katowice, Republic of Poland.
10000 SGD to PHP
Katowice, Republic of Poland.
100 RUB to CAD
Burlington, Canada.
100 RUB to CAD
Burlington, Canada.
16 GHS to KWD
Accra, Republic of Ghana.
100 ZAR to EUR
Glenview, United States.
100 EUR to SEK
Kungälv, Kingdom of Sweden.
2000 SEK to QAR
Handen, Kingdom of Sweden.
9500 QAR to CAD
Doha, State of Qatar.
1 EUR to CNY
Beijing, People’s Republic of China.
100000000 ZWD to USD
Auckland, New Zealand.
54700 CNY to EUR
Girona, Kingdom of Spain.
54700 CNY to EUR
Girona, Kingdom of Spain.
26800 UAH to USD
Valencia, United States.
26800 UAH to USD
Valencia, United States.
1 GBP to THB
Camberwell, United Kingdom of Great Britain and Northern Ireland.
100 RON to EUR
Vancouver, Canada.
2500 QAR to INR
Doha, State of Qatar.
100 CHF to EUR
Kumanovo, Republic of Macedonia.
565 BRL to EUR
Barcelona, Kingdom of Spain.